CBI has arrested two staffs of Reserve Bank of India in Bangalore for exchanging the demonetized notes worth Rs 2 crore with the new notes of Rs 2000 and Rs 500. Senior Special Assistant Sadananda Naika and Special Assistant A K Kavin of cash department have been taken into custody in connection with the case and have been booked under charges of criminal conspiracy and cheating besides provisions of Prevention of Corruption Act.
Both the accused have been sent to four days of CBI custody by a special court in Bengaluru. “It is alleged that both the accused and other unknown officials of RBI, Bengaluru entered in criminal conspiracy with unknown others,” CBI spokesperson Devpreet Singh said. She said both of them are involved in with the criminal conspiracy. Both the accused who were entrusted with the responsibility of new currency notes, fraudulently gave away new notes to the tune of Rs 1.99 crore to RBI officials and others. It is also suspected that some senior RBI officials and individuals are also linked in this scam, which will come to light after CBI interrogates the two individuals.
It is not the first case of an RBI staff being arrested by CBI. This is the second arrest of RBI employees in Bengaluru. Earlier on December 13, CBI had arrested an RBI official K Michael while he was allegedly trying to convert Rs 1.51 crore of old currency notes. The RBI had suspended senior special assistant K. Michael and had ordered a probe into the incident. Income tax officials and investigation agencies have made several bulk seizures of both old and new currency in Karnataka – the biggest recovery of more than Rs 6 crores in new notes of Rs 2000 denominations from senior bureaucrats who were close to the Chief Minister of Karnataka and involved in major infrastructure projects.