A Senior Special Assistant of Reserve Bank of India (RBI) has been arrested by CBI Today from Bengaluru for alleged involvement in illegal exchange of currency notes, reports news agency ANI.
RBI official K Michael arrested by CBI in Bangalore. For illegally converting old notes in to new. Raid conducted by ED posing as customer. Nearly 1 Cr new currency was found from him during raid.
RBI you toooo......!!!!!!
NDTV reported that the official allegedly helped the touts in exchange of Rs 1.51 crore. The arrest comes at a time when frequent raids by ED officials and police have led to confiscation of huge sums of money in form of new currency notes from across the country.
Earlier on Tuesday, seven middlemen were nabbed by ED in Karnataka with Rs 93 lakh cash in form of new notes. The Home Ministry has taken cognizance of the matter as reports of senior bank officials being involved in the illegal exchange are surfacing.
Till now, more than Rs 250 crore has reportedly been seized in multiple raids across the country since announcement of demonetisation move on November 8.
Till now, more than Rs 250 crore has reportedly been seized in multiple raids across the country since announcement of demonetisation move on November 8.
Private bankers - arrested
Govt bankers - arrested
RBI official - arrested
Govt bankers - arrested
RBI official - arrested
Who is left in the chain..???
Common man has been standing in the Q for withdrawal of their hard earned tax paid money from bank/ATM
Stern action is needed against all involved in the chain.
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