Hyderabad April 6 (IANS) The CBI on Thursday said it has registered a case against a State Bank of India (SBI) cashier here on charge of exchanging Rs 1.09 crore in demonetised currency with legal tender.
The central agency booked K. Srihari head cashier in SBI s Nehru Ganj Branch and others for criminal conspiracy criminal breach of trust cheating and falsification of accounts under the Indian Penal Code and Prevention of Corruption Act.
Srihari entered into a criminal conspiracy with unidentified private persons and fraudulently facilitated and exchanged Rs 1.09 crore in demonetised currency with legal currency a Central Bureau of Investigation (CBI) official said.
He said the exchange was effected during November 10-30 last year by using SWAP methodology and violated the Reserve Bank of India guidelines to exchange specified bank notes with legal tender.
The government had declared Rs 1 000 and Rs 500 notes as illegal tender from November 8 midnight.
The CBI conducted searches at the residence of the accused at Kotnoor in Karnataka s Gulbarga district and seized incriminating documents.
--IANS
rak/tsb/dg
SBI cashier exchanges Rs 1.09 cr in demonetised notes, booked
