Multiple lockers of a Bank of Maharashtra branch in Pune were searched today by the Income Tax Department after a tip off that a private firm might have deposited nearly Rs.10 crores in them, both in new and old currency, post the November 8 announcement of the banning of old 500 and 1,000-rupee notes.
The branch is located in Pune's Parvati area. The Income Tax officials conducted searches after they got inputs that a huge amount of cash has been deposited in the lockers by the private firm.
"The lockers are being searched in the Bank of Maharashtra in Pune. The seizures will be effected soon," said a senior Income Tax Department official.
Original Source: http://bit.ly/2hvZmeE
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