RBI official arrested for illegal exchange of new notes

RSTV Bureau
Authorities have seized huge amount of new currency notes post demonetisation. CBI Tuesday confirmed arrest of a RBI official from Bengluru for illegal exchange of old currency notes.

Authorities have seized huge amount of new currency notes post demonetisation. CBI Tuesday confirmed arrest of a RBI official from Bengluru for illegal exchange of old currency notes.

An official of the Reserve Bank of India here has been arrested by CBI for allegedly trying to exchange Rs 1.50 crore in old notes illegally.

“The agency has arrested an RBI official from Bengaluru for helping convert banned currency notes,” a CBI official told news agencies in Bengluru, adding the arrest was made last week.

“Two other private persons have also been arrested,” the official said.

The RBI official was involved in a case where he tried to exchange Rs 1.50 crore of untaxed money, the official added.