Assam DGP warns bankers against exchanging old notes of insurgent groups
Those found converting old currencies into new ones would be booked under relevant terror funding laws, the DGP said.
Guwahati: After report of ongoing clandestine exchange of demonetised currency in several banks,
Sahay told reporters that the Assam Police was keeping a close watch on such activities.
If some senior chartered accountants are to be believed, a section of bank managers of some nationalized banks in the state are pro-actively involved in clandestine exchange of currency by presenting fake identity proofs.
The Special Director General of Police (Law and Order) Kula Saikia informed that there are reports about militant outfits getting their ill-gotten money converted through schoolchildren and educational institutions.
Saikia said, “They are also using schoolchildren and middlemen, including contractors, to get their old currencies exchanged. There are also attempts to get the money deposited in some fictitious accounts, which we are monitoring.”
Pointing out that security agencies are keeping a close watch on such transactions, Saikia said, “Assam Police had a meeting with officials of 13 banks and a senior representative of Reserve bank of
Claiming that police have succeeded in confiscating old currencies worth Rs. 2 crore in its drive, Saikia however said that demonetization has hit the insurgent groups very hard. “We have input that insurgent groups are desperate to exchange their ill-gotten money,” he said adding that role of bank was crucial.
Meanwhile, many chartered accountants of Guwahati claimed that some bank managers played key role in exchanging the corrupt money. Pointing out that at the initial days of demonetization a large number of people were keen on disclosing their black money, sources said that subsequently most of them got a window in the banks to exchange the currencies.