NEW DELHI: The Central Bureau of Investigation on Friday conducted raids at 16 locations in Ahmedabad after registering an FIR against 12 people for allegedly depositing old notes amounting to Rs 100.57 crore in shell companies ’ accounts in Axis Bank post demonetisation CBI said that it has registered a case of criminal conspiracy, cheating, forgery and prevention of corruption act against a former branch manager Yasha Mehta, and two other officials of Axis Bank, Abhimanyu Singh and Rita Kumari of Memnagar Branch, Ahmedabad and nine other private persons and unknown others.It has been alleged that officials of Axis Bank abused their official position by allowing huge unauthorised transactions in accounts of shell companies during the period of demonetisation in November – December, 2016.CBI said that the old notes were allegedly being deposited by a group of persons in ‘name lending’ accounts with the help of branch manager and other bank officials.The bank officials had allegedly violated the guidelines related to KYC, anti-money laundering and due diligence to be exercised by them.It has been alleged that at least three groups of the cash handlers have deposited approximately Rs 100.57 crore in about 25 shell company accounts maintained with Axis Bank.“They have been ‘lending’ the accounts for such unscrupulous transactions involving cash deposits on ‘commission’ basis. It was also alleged that during grace period of depositing demonetised notes, huge cash deposits were made in the bank several times during a day by a single person In many such instances, the depositor deposited huge cash by way of submitting multiple deposit slips in one go, with cash value of less than Rs 9 lakh, per slip, as per the advise of the bank officials,” said CBI spokesperson R K Gaur.CBI further said that cash deposit slips of approximate amount of Rs 13 crore are not available with the bank.