Demonetisation Malpractices: Addl Inputs
Below are your inputs on all that should be investigated to find demonetisation malpractices and conversion of black money. Kindly review and share any additional specific inputs you have that will help identify them. We will then share the final recommendations with the key investigating authorities.
We look forward to your inputs!
Transparency International India
Areas to Investigate to unearth Demonetisation Malpractices
1. Call records of bank managers should be checked
2. Call records of chartered accountants should be checked
3. Entries in farmers accounts should be monitored
4. Entries in shell companies which had cash on books should be scrutinized
5. Last minute travel that was ticketed and took place between Nov 9-16 should be checked
6. Bank Accounts with unusual activity as a percent of previous year’s average should be investigated
7. CCTV footage of banks where there is a massive cash exchange should be archived and audited
8. Exchanges done under each AADHAR/PAN card should be consolidated through the system and checked
9. Petrol pumps which have made large payments for purchase of oil in advance should be scrutinised
10. Any deposits in the account of non-tax paying low income group member in the range Rs.10,000 to Rs.2.5 lakh must be investigated as these people might have been provided cash by their employer
11. Dormant accounts that have suddenly received big cash deposits should be looked into
12. All farmers who have taken loans but have deposited cash into their accounts should be investigated
13. Jan Dhan accounts with large activities only in Nov/Dec should be thoroughly checked
14. The jeweller bank account deposits should be corroborated with the sales reported. more
We look forward to your inputs!
Transparency International India
Areas to Investigate to unearth Demonetisation Malpractices
1. Call records of bank managers should be checked
2. Call records of chartered accountants should be checked
3. Entries in farmers accounts should be monitored
4. Entries in shell companies which had cash on books should be scrutinized
5. Last minute travel that was ticketed and took place between Nov 9-16 should be checked
6. Bank Accounts with unusual activity as a percent of previous year’s average should be investigated
7. CCTV footage of banks where there is a massive cash exchange should be archived and audited
8. Exchanges done under each AADHAR/PAN card should be consolidated through the system and checked
9. Petrol pumps which have made large payments for purchase of oil in advance should be scrutinised
10. Any deposits in the account of non-tax paying low income group member in the range Rs.10,000 to Rs.2.5 lakh must be investigated as these people might have been provided cash by their employer
11. Dormant accounts that have suddenly received big cash deposits should be looked into
12. All farmers who have taken loans but have deposited cash into their accounts should be investigated
13. Jan Dhan accounts with large activities only in Nov/Dec should be thoroughly checked
14. The jeweller bank account deposits should be corroborated with the sales reported. more
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View all 53 comments Below 53 comments
Reliable automated software system should be made to detect all above mentioned Malpractices so that no one can escape from this. Right now high profile people can escape from such inquiries and people with less power will only suffer. more
Nov 29
Why this extensive and time consuming exercise which would entail scrutiny of small accounts and retail outlets total sale. This is infeasible and unrewarding. The Government itself has told repeatedly that all that would be necessary to expose people engaged in Black Money. The scrutiny at best can be on random basis, that itself would be very demanding exercise. more
Nov 27
Today in Hyderabad going by tv 9 news old notes are being exchanged for 30% commission by a paan seller opposite RBI .Blatant connivance of Staff of RBI it is alleged. more
Nov 27
