AP and TS / Politics
BPL Man Deposits Rs 17 Cr
18 days ago

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week of September with a deposit of Rs 3 crore and later acquiring internet banking, the huge sum was transferred and withdrawn in a phased manner in the same month.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.