Demonetisation Corruption in Banks
Demonetisation related Corruption in Banks - Issues
1. Some Bank employees were exchanging old currency for fake identity cards
2. Some Bank managers take old cash and payback in gold bars after keeping their commission
3. Some Bank employees collude with outsiders to deposit old cash into a random account and then withdraw it the next day
4. Some Bank employees deposit old cash into a random account and then transfer it to another account immediately
5. Many Private banks tell general public that they don’t have cash but they disburse cash to their old/regular business customers
6. Some Bank employees have been duplicating ID's produced while exchanging currencies as per the limitations and making use of the ID's submitted to the maximum limit
7. Some Bank employees have helped people deposit money in to dead/dormant accounts
8. Accounts of recently dead people were used to deposit and withdraw money by bank employees
9. Some bank employees took commissions for arranging fresh currency notes for their known or contracts with a high premium. more