District admin asks bankers to monitor suspicious transactions closely

  • | Friday | 15th March, 2019

Trichy: The Trichy district administration has asked bankers to track accounts becoming active after a state of dormant. The move comes as part of the efforts to tighten the grip on the expenditure of candidates of Lok Sabha elections.District revenue officer (DRO), Trichy T Shanthi chaired the meeting and issued the guidelines laid down by the Election Commission of India (ECI) for the bankers to curb illegal cash transaction by the candidates in the run up to the election.As many as 35 officers from banks including nationalized and private banks attended the meeting.Among the few instructions to the bankers, the DRO insisted on preparing a list of accounts which were idle before the past two months and became active with the transaction of Rs 1 lakh and above during the election period under abnormal and suspicious circumstances.In case of multiple transactions from particular accounts through real-time gross settlement (RTGS) or National Electronic Funds Transfer (NEFT), they should be brought under surveillance.Transaction of money from bank accounts of candidates and their spouses as well as their dependents through RTGS or NEFT should be monitored.The information of bank accounts furnished in the affidavit of the candidates will be a crucial link for the election officials to track the money transaction of the contenders.The accounts of political parties should also be kept under vigil and information about the transaction of Rs 1 lakh and above should be informed to the election officials.The bankers have been advised to take the account numbers from the affidavits filed by the candidates which are available on the website of the chief electoral officer of Tamil Nadu.

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