To my knowledge, most Banks had restricted the deposit of cash into any account by someone other than the account holder himself except while carrying a valid letter/authorisation to deposit such amount in other person/entity’s account.
Even the very fact that distributors have been allowed to deposit cash in the account of ZEEL as a regular practice is also wrong, unlawful and a case of PMLA.
One reply on “What a Clarification, Sirjee”
To my knowledge, most Banks had restricted the deposit of cash into any account by someone other than the account holder himself except while carrying a valid letter/authorisation to deposit such amount in other person/entity’s account.
Even the very fact that distributors have been allowed to deposit cash in the account of ZEEL as a regular practice is also wrong, unlawful and a case of PMLA.