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Rs 20 crore Naxals’ black money deposited in Chhattisgarh banks

Raipur: More than 50 banks in Naxal-hit areas of Chhattisgarh have recorded deposits of nearly Rs 20 crores within two weeks. Based on an intelligence report, transactions in these accounts have been put on hold.

Police suspect the money deposited belonged to the Naxals and that the latter is using the bank accounts of other people to escape the demonetisation drive.

Police said they are not making the names of the account holders` public as of now, but if the money was found to be of Naxals, legal action will be taken against the latter for helping the former.

Special Director General (Naxal Operations and Special Intelligence Bureau) Durgesh Madhav Awasthi told ANI: “We have issued an instruction that after demonetisation. The Naxals will bring out huge hoarded money buried in the ground for mobilisation in a bid to save it from becoming illegal tender. They are applying a two-way approach to save their money: first, they are returning old money to their contractors and asking them to provide new currencies after getting it converted; secondly, they are using their rural and urban networks to deposit their money in banks.”

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