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Election Expenditure Observers Bishnupur hold meet with bank managers

During the meeting, Expenditure Observers instructed bank representatives to report all suspicious cash withdrawals or deposits exceeding 10 lakhs during the election process to the Election Expenditure Monitoring cell for necessary action.

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Bishnupur: Election Expenditure Observers for Bishnupur district Akta Jain, and G. Jiwade, convened a meeting with managers of all bank branches in the district today at the Conference Hall of DC Complex in Bishnupur. The meeting was held to review suspicious cash transactions during the election process in the district. 

During the meeting, Expenditure Observers instructed bank representatives to report all suspicious cash withdrawals or deposits exceeding 10 lakhs during the election process to the Election Expenditure Monitoring cell for necessary action. The Nodal Officer for Income Tax will send a notice to the account holder for such transactions, the Observers informed. 

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Expenditure Observers continued that unusual transfer of amount by RTGS from one bank account to accounts of several persons in the district without any precedent of such transfer must also be reported to the expenditure team. Further, transactions above 1 lakh from bank accounts of candidates or candidates’ family members without such transaction history must also be reported, the observers added.

The Expenditure Observers also proposed the creation of a dedicated WhatsApp group for bankers, EEM teams, DEO, Nodal Officer EEM, ROs and Asst. Election Observers to share and coordinate suspicious cash transaction cases. 

Mention may be made that the election expenditure ceiling for candidates for the ensuing Manipur Legislative Assembly Election has been revised to 28 Lakhs. 

The review meeting was attended by DEO Bishnupur L. Bikram, ADC Bishnupur, ROs, District Nodal Officer EEM, Assistant Expenditure Observers and bank representatives from SBI, UCO, Manipur Rural Bank, Manipur State Cooperative Bank, Central Bank, Axis Bank, HDFC and Punjab National Bank. 

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