New Delhi, Dec 28: The Enforcement Directorate (ED) on Wednesday said that Kotak Mahindra Bank Manager Ashish Kumar received Rs 51 crore from Rohit Tandon. ED sources said, “Tandon revealed this during investigation. Bank Manager made drafts of Rs 38 crore on fictitious names,were later cancelled by IT department. He got Rs 13 crore as conversion money.” Also Read - Have You Faced ATM Transaction Failure Due to Insufficient Balance? Here’s What You Need to do
The ED on Wednesday morning arrested Ashish Kumar for his alleged links with hawala trader Parasmal Lodha and Delhi-based lawyer Rohit Tandon. He was later given five day ED remand. Ashish is a resident of Haryana who was presented before a Delhi court on Wednesday afternoon. Also Read - Unwell Mary Kom to Skip as Olympic-Bound Boxers Travel to Europe For Training Next Week
As per earlier reports, Kumar was arrested for allegedly converting over Rs 25 crore in demonetised notes linked to industrialist J Sekhar Reddy and lawyer Rohit Tandon. Lodha is a leading businessman in real estate and mining. He was intercepted at the Mumbai airport while he was trying to flee to Malaysia. Also Read - Sensex Gains Over 300 Pts in Early Trade, Nifty Inches Close to 10,000-mark
“The bank has zero tolerance towards employees not adhering to its code of conduct, and takes strict measures against them. The bank confirms that it has a robust system of regularly and proactively filing necessary reports with the FIU for all large transactions,” Kotak Mahindra Bank.
“As can be seen from the bank’s actions, it has fully cooperated and communicated with the relevant authorities, and has demonstrated the highest standards of compliance, and it will continue to do so, “said Kotak Mahindra Bank spokesperson Rohit Rao. The bank also said that it has all necessary KYC documents, including PAN card numbers.
Kotak Mahindra Bank had filed a report with the FIU for further investigations. The statement said that after investigation by the authorities, the bank has deposited the entire amount that was credited in these accounts with the Income Tax Dpartment.