Demonetisation - Hyderabad Businessman Arrested For 98 Crores 'Black Money' Deposits In Banks

Hyderabad Businessman Arrested For 98 Crores 'Black Money' Deposits In Banks

Hyderabad | Press Trust of India | Updated: December 29, 2016 00:16 IST

• Hyderabad businessman was arrested for his alleged involvement in cheating.
• The businessman generated 'fake and fictitious' advance payment receipts
• He runs three jewellery and bullion firms
• He produced advance payment receipts for Rs. 40 crore in name of another

A city-based businessman was arrested on Wednesday for allegedly cheating and generating 'fake and fictitious' advance payment receipts to deposit "black money" to the tune of Rs. 98 crore in banks following the ban of 500 and 1000-rupee notes last month.

Besides Kailash Chand Gupta (65), his kin and others have also been booked by the police under various sections of Indian Penal Code for their alleged role in the "conspiracy".

Source: NDTV

Courts clueless what to do on Demonetised notes

There is a dire requirement for the RBI to issue a notice offering clarity to the courts while managing old high delicate notes in unite cases, says a NLS graduate.

Demonetisation Latest News Dec 28 2016

As indicated by the law anybody having old notes post March 31, 2017 should confront 4-year imprison term and those included in exchanges need to pay a punishment of 5000 rupees.

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CANARA BANK BRANCHES IN CHENNAI

Branch Name :	ANNA NAGAR
IFSC Code :	CNRB0002665
DP Code :	2665
Address :	"P"block 20th STREET,ANNANAGAR,CHENNAI Chennai, Tamil Nadu.
Facilities	ATM: Yes | Lockers: Yes
Contact Details :	Toll Free Number:1800 425 1906
Working Days  Monday - Saturday  Sunday Nearby localities	Working Hours 10.00 a.m. to 1.30 p.m. 2:00 p.m to 4:00 p.m. Closed KK Nagar, Sivalingapuram, Ramakrishna Puram, T Nagar, CIT Nagar West, Kodambakkam, Nesapakkam, Ekkatuthangal, Ramapuram, Nespakkam, Ashok Nagar, Indira Colony, CIT Nagar, Ambal Nagar.

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KOTAK MAHINDRA BANK BRANCHES IN CHENNAI

Branch Name :	ASHOK NAGAR
IFSC Code :	VYSA0004380
FCR Code :	NA
Address :	ING Vysya Bank (now Kotak), New No.44 (Old No.6), Second Avenue, Ashok Nagar, Chennai - 600083, Tamil Nadu.
Facilities	ATM: Yes | Lockers: Yes
Contact Details :	Board I: (044) 24701166 Board II: (044) 24701144 Toll Free Number: 1800-1026022
Working Days  Monday - Saturday  Sunday Nearby localities	Working Hours 10.00 a.m. to 1.30 p.m. 2:00 p.m to 4:00 p.m. Closed The branch will remain closed on the 2nd and 4th Saturday of every month. KK Nagar, Sivalingapuram, Ramakrishna Puram, T Nagar, CIT Nagar West, Kodambakkam, Nesapakkam, Ekkatuthangal, Ramapuram, Nespakkam, Ashok Nagar, Indira Colony, CIT Nagar, Ambal Nagar.

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KOTAK MAHINDRA BANK BRANCHES IN CHENNAI

Branch Name :	PARRYS
IFSC Code :	KKBK0000464
FCR Code :	464
Address :	3, Dass India Tower, Ground Floor, 2nd Line Beach, Parrys, Chennai, Tamil Nadu - 600001
Facilities	ATM: Yes | Lockers: No | Forex: Yes Gold: No
Contact Details :	Board I: (044) 65722022 Board II: (044) 65722021 Board III: (044) 45002517 Fax: (044) 42315529
Working Days  Monday - Friday Saturday  Sunday	Working Hours 9.30 a.m. to 4.30 p.m. 9.30 a.m. to 2.00 p.m. Weekly off

71. Kotak ING Bank in Chennai

KOTAK ING BANK BRANCHES IN CHENNAI

Branch Name :	ANNA SALAI
IFSC Code :	KKBK0000462
FCR Code :	462
Address :	Capitale, Ground Floor, 555,  Anna Salai City : Chennai State : Tamil nadu Pin No. : 600018
Facilities	ATM: Yes | Lockers: Yes | Forex: Yes Gold: No
Contact Details :	Phone No. : (044) 42040205  Fax : (044) 42040212
Working Days  Monday - Friday Saturday  Sunday	Working Hours 9.30 a.m. to 4.30 p.m. 9.30 a.m. to 2.00 p.m. Weekly off