44 fake accounts with ₹100 crore found in Axis Bank branch
Income Tax officials have allegedly discovered 44 fake bank accounts in raids conducted on an Axis Bank's branch in Chandni Chowk, New Delhi. The fake accounts were created using forged documents and demonetised currency worth ₹100 crore was deposited in them since PM Narendra Modi's demonetisation announcement. This is the fourth instance of fraudulent activity involving Axis Bank.