Expenditure Observers hold meeting with representatives of banks today
All banks should report suspicious transactions: Expenditure Observers
cityairnews
Feb 3, 2022 07:13
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Ludhiana, February 3, 2022: With a view to getting information of suspicious transactions as per the guidelines of the Election Commission of India, the Expenditure Observers today directed the bank officers to provide details of suspicious transactions during elections.
A meeting in this regard was held in Punjab Agricultural University, here, which was attended by Expenditure Observers Avijit Mishra IRS, Abhijit Kundu IRS, Amit Kumar Sharma IRS, Swati Shahi, IP&TAFS, Alka Gautam IRS, Additional District Election Officer-cum-Additional Deputy Commissioner (General) Rahul Chaba, besides representatives of all public sector, private sector, cooperative and rural/gramin banks of district Ludhiana.
The expenditure observers asked them to report of unusal and suspicious cash withdrawal or deposit of cash in account exceeding Rs 1 lakh during process of election, without any such instance of deposit or withdrawal during the last two months.
Asking them for strict compliance of the ECI directions, the Expenditure Observers said that unusual transfer of amount by RTGS from one bank account to the accounts of several persons in a district/constituency during the poll process without any precedent of such transfer. Any deposit of cash or withdrawal of cash exceeding Rs. 1 lakh from bank account of candidates or spouses or his dependents, as mentioned in the affidavit filed by candidates, which is available in the CEO’s website, they added. Any withdrawal of cash and deposit of cash exceeding Rs. 1 lakh in the account of political party during the election process besides any other suspicious cash transactions, which might be used for bribing the elections, should be reported, they added.
The information on cash deposit or withdrawals of more than Rs. 10 lakh is also to be reported for onward submission to the nodal officers of income tax department for necessary action under income tax law, said the Expenditure Observers adding that all said instructions have already been circulated to all branches of banks in Ludhiana district so that necessary compliance could be ensured.
