In a startling revelation, income tax (I-T) officials have discovered that Rs 7 crore cash was deposited in a bank account of an Uber cab driver from Hyderabad.
During scrutiny of huge cash deposits in bank accounts after demonetisation of high-value currency, the I-T (investigation) wing sleuths of Hyderabad had zeroed in on the account of the Uber cab driver from Hyderabad, where Rs 7 crore demonetised notes had been deposited in the State Bank of Hyderabad account in a span of a few weeks after November second week. The Uber cab driver has an account in one of the SBH branches.
Immediately after the deposits were made, the amount was transferred in a phased manner into the account of a bullion merchant through RTGS (real time gross settlement). “When we confronted the cab driver about the deposits and transfers from his account to the bullion trader, he could not explain the sources of the cash deposits,” an I-T source said.
After zeroing in on the suspicious transaction, the tax sleuths analysed the CCTV camera footage from the bank and surrounding areas. “The examination of CCTV footage of the bank and nearby areas revealed that the cash deposits were made by two of the driver’s accomplices,” an investigator said.