1,100 searches conducted, 5,100 notices sent after note ban
After demonetisation, the government conducted over 1,100 searches and issued 5,100 notices during November 9-January 10 to verify suspicious high-value cash deposits, Finance Minister Arun Jaitley said. Further, undisclosed income detected in investigations was over ₹5,400 crore. There has also been a rise in deposits made in accounts under Pradhan Mantri Jan Dhan Yojana, according to Jaitley.