Observers take note of suspicious cash transactions
Source: Chronicle News Service
Bishnupur, February 10 2022:
Election expenditure observers for Bishnupur district Akta Jain and Mahesh G Jiwade convened a meeting with managers of all bank branches in the district on Thursday at the Conference Hall of DC Complex, Bishnupur.
The meeting was held to review suspicious cash transactions during election process in the district.
During the meeting, the expenditure observers instructed bank representatives to report all suspicious cash withdrawals or deposit exceeding Rs 10 lakh during the election process to the Election Expenditure Monitoring cell for necessary action.
The nodal officer for income tax will send a notice to the account holder for such transactions, the observers informed.
They further asked the officials present to ensure that unusual transfer of amount by RTGS from one bank account to accounts of several persons in the district Without any precedent of such transfer must also be reported to the expenditure team.
Further, transactions above Rs 1 lakh from bank accounts of candidates or candidates' family members without such transaction history must also be reported, the observers added.
The expenditure observers also proposed creation of a dedicated Whatsapp group for bankers, EEM teams, DEO, nodal officer EEM, ROs and asst election observers to share and coordinate on suspicious cash transaction cases.
Mention may be made here that election expenditure ceiling of candidates for the ensuing Manipur Legislative Assembly Election has been revised to Rs 28 lakh.
The review meeting was attended by Bishnupur DEO L Bikram, ADC, ROs, district nodal officer EEM, assistant expenditure observers and bank representatives from SBI, UCO, Manipur Rural Bank, Manipur State Cooperative Bank, Central Bank, Axis Bank, HDFC and Punjab National Bank.