Bengaluru: Central Bureau of Investigation (CBI) has arrested a Reserve Bank of India (RBI) employee for allegedly helping touts in exchanging Rs 1.51 crore.
Rs 16 lakh in new currency has been recovered from the accused posted as Senior Special Assistant with RBI.
Lakshminarayana was allegedly booked for violating RBI guidelines. He allegedly issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines, the source said.
The bank manager Rs 71lakh in demonetised notes and issued DDs for less than Rs 50,000 to convert the notes. The firm’s owners subsequently cancelled the drafts, thereby converting old notes into valid bills, the CBI alleged.
Earlier in the day the Enforcement Directorate (ED) had unearthed a big racket that dealt in illegal conversion of demonetised currency notes and arrested seven alleged middlemen.
ED had seized Rs 93 lakh in new currency in Karnataka as part of its money laundering probe.