A raid concluded in Axis bank stated about forty four fake bank accounts with bulk of money in it. These raids were targeted in Chandni Chowk, New Delhi.

These accounts were created using unreal documents. And the shocking news was that these accounts were having demonetized amount worth rupees 100crores. This is the fourth fraudulent activity of axis bank which came into limelight.

“The bank is committed to the following the highest standards of corporate governance and has zero tolerance towards any deviation on the part of any of its employees from the set model code of conduct. Strict action will be taken against any employee found deviating from the guideline. We would also like to do add that we are cooperating with the investigating agencies,” said spokes person of Axis bank.