2 RBI Officials Arrested For Allegedly Exchanging Old Notes Worth 1.99 Crores Illegally

Two employees of cash department of Reserve Bank of India (RBI) in Bengaluru were arrested on Saturday (17 December). The officers had allegedly converted of Rs 1.99 crore of demonetised currency with new bank notes of Rs 2,000 and old Rs 100 notes.

According to PTI, Senior Special Assistant Sadananda Naika and Special Assistant A K Kavin have been booked by CBI for criminal conspiracy and cheating under the provisions of Prevention of Corruption Act.

Another employee of RBI was arrested by the central agency in a separate case in which currency worth over Rs 6 lakh was converted by him using his influence over officials in State Bank of Mysore.