Income Tax officers have in a raid allegedly unearthed 44 fake accounts at a branch of Axis Bank in central Delhi's Chandni Chowk. Tax officials said about Rs. 100 crore in old notes have been deposited in these accounts since November 8, when Prime Minister Narendra Modi banned 500 and 1000 rupee notes to combat black money and money laundering. A total 450 crores have been deposited in the branch since the day that the ban was announced, the officials said.
