I-T Department exposes fake Kolkata firm, seizes ₹1.78 crore
The Income-Tax department has exposed a Kolkata-based fake firm and seized unaccounted cash worth ₹1.78 crore from its account at an Axis Bank branch. The money was deposited in the fake firm's account after the demonetisation move. A Varanasi-based local businessman and his wife were found registered as the firm's directors, who denied any links with the deposited money.