The department of Income Tax found another big deposit in Hyderbad. The officials found Rs 17 crore in the account of a man, who is identified as being in the below poverty line (BPL) category.
As per the IT officials, the depositor operates a small roadside business in the city and claimed that someone else had deposited the money in his account.
The account was opened in a nationalised bank in the city in the first week of September with a deposit of Rs 3 crore and later acquiring internet banking, the huge sum was transferred and withdrawn in a phased manner in the same month.
Rs 14 crore was deposited in the same account in banned notes of Rs 500 and Rs 1000 after November 8 and also the same was transferred to other accounts.
Investigation is underway.