On the trail of a jeweller who allegedly sold bullion worth ₹600 crore, the Income Tax Department on Thursday unearthed ₹60 crore from the accounts of 20 shell companies in a raid at an Axis Bank branch in Sector 51, Noida.
A team of the department raided the Axis Bank branch here and searched the accounts. In the search, ₹60 crore was found in 20 accounts of as many shell companies, an official said, adding the I-T Dept team was scanning the records to trace the directors of these companies.
An I-T Dept team had earlier found that a jeweller here had sold gold bricks worth ₹600 crore after demonetisation and has accounts in the same branch of the bank.
The jeweller’s name has not been disclosed yet.