Gujarat Election 2022: Officials direct banks to report suspicious transactions
The banks have been instructed to also report transactions of more than Rs 1 lakh in the accounts opened by poll candidates, they said. As per the EC's guidelines, poll candidates cannot spend more than Rs 40 lakh during campaigning and they have to open a separate account for that purpose.
FollowAhead of Gujarat Election 2022, the Election Commission of India (ECI) has directed all banks in the state to keep a watch on suspicious transactions of more than Rs 10 lakh in the accounts, officials said on Sunday.
The banks have been instructed to also report transactions of more than Rs 1 lakh in the accounts opened by poll candidates, they said. As per the EC's guidelines, poll candidates cannot spend more than Rs 40 lakh during campaigning and they have to open a separate account for that purpose.
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All the transactions above Rs 10,000 must be done through cheques, RTGS (Real-Time Gross Settlement) or drafts, a senior state official said. To convey these instructions, nodal officers of the expenditure monitoring cells in all 33 districts of Gujarat convened meetings with senior bank officials in the last two days, said Sahdevsinh Solanki, accounts officer at the office of Gujarat's Chief Electoral Officer (CEO).
"As per guidelines of the Reserve Bank of India and the EC, we have written a common letter to all the district nodal officers a few days back to pass on the instructions to the banks. This is a standard exercise carried out in each election," Solanki said.
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After getting the letter from the CEO's office, Mehsana's District Development Officer Om Prakash, who is appointed the nodal officer there, convened a meeting on Saturday and passed on the necessary instructions to all the RBI-registered banks in the district.
"To ensure free and fair elections, we have asked banks to keep a close watch on all the transactions and report suspicious transactions of Rs 10 lakh or above. This applies to all the bank accounts. But, people who routinely transact such a huge amount for their business are exempted because we are only looking for suspicious transactions," Prakash said.
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As per the EC guidelines, poll candidates cannot spend more than Rs 40 lakh during campaigning and they have to open a separate account for that purpose. All the transactions above Rs 10,000 must be done through cheques, RTGS or drafts, he said.
Elections to the 182-member Gujarat Assembly will be held on December 1 and 5 and the counting of votes will be taken up on December 8.
