Over Rs 100 crore deposited in accounts of BSP and Mayawati's brother post demonetisation

Mayawati’s Bahujan Samaj Party (BSP) has come under the scanner for some unusual activity in the party’s bank account for the past few days. From the day banks reopened after Prime Minister Narendra Modi banned
Over Rs 100 crore deposited in BSP’s bank...
India TV Politics Desk New Delhi December 27, 2016 6:02 IST

Mayawati’s Bahujan Samaj Party (BSP) has come under scanner for some unusual activity in the party’s bank account for the past few days. From the day banks reopened following  Prime Minister Narendra Modi's surprise announcement to withdraw higher denomination notes from circulation, over Rs 100 crore has been deposited in BSP’s bank account.

Making it for one of the biggest revelations since note ban, Rs 104.36 crore has been placed in BSP’s account in Union Bank located at New Delhi’s Karol Bagh, India TV reporter Devendra Parashar revealed.

"Out of the total amount, Rs 3 crore was deposited in old notes of Rs 500, whereas the remaining Rs 101.36 crore was in Rs 1,000 currency denominations," he reported.

PM Modi had disclosed his plan for eliminating black money on November 8. Following his announcement of scrapping high denomination currency notes, banks were shut on November 9.

Giving the transaction details, Devendra said, "The first transfer of Rs 36 lakh in BSP’s account was made on November 10, the day banks reopened."

"After that, the rest of the amount was infused from December 2 to December 9."

Day-wise breakdown of deposition:

Nov 10 – Rs 36 lakh

Dec 2 – Rs 15 crore

Dec 3 – Rs 15.8 crore

Dec 5 – Rs 17 crore

Dec 6 – Rs 15 crore

Dec 7 – Rs 18 crore

Dec 8 – Rs 18 crore

Dec 9 – Rs 5.2 crore

What makes this activity seem suspicious is the fact that before November 10, no big transactions were done in the party’s account in Union Bank.

On a related note, Mayawati’s brother Anand Kumar also has an account in the same branch of Union Bank and as of December 23, his account had a balance of Rs 1.43 crore.

Out of the total amount, Rs 18.93 lakh was deposited in cash in his account.

 

The Income Tax Department today served Anand Kumar with a notice in connection with his ‘benaami’ property in Noida.

With Uttar Pradesh Legislative Assembly Elections nearing, these revelations are certain to take a toll on Mayawati and her party.

 
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