"During our inquiry, it came to light that an individual deposited Rs 246 crore in a bank account well after banking hours. We sent notices to 27,739 bank account holders through email and asked them to show source of money in their accounts. We received reply only from 18,220 account holders. They had shown the deposited money as their income. Officials are also screening many realty transactions above Rs one crore that took place after demonetization was announced, he said.

Source: Economic Times September 08, 2017 19:15 UTC