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    IndiaRBI official held for illegally exchanging old notes

    RBI official held for illegally exchanging old notes

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    RBI official held for illegally exchanging old notes

    Bengaluru, Dec 13 : An official of the Reserve Bank of 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 PTI here, 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.

    Northlines
    Northlines
    The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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