In another step towards curbing the flow of black money in the country, post the implementation of the demonetisation policy by the Narendra Modi government, The Central Bureau of Investigation (CBI) had, today, registered s fresh case against the officials of the Bank of Baroda, Kolkata, alleging illegal conversion of currency notes of the amount of Rs 50 lakh, the after November 8 initiation of ban on notes.
Earlier, in two separate cases the CBI had arrested an Reserve Bank of India (RBI) official and a JDS leader in connection with illegal conversion of currency notes after the implementation of the anti-graft policy.
JDS leader and casino owner KC Veerendra had been arrested following the seizure of Rs 5.70 crore of new currency notes, from his bathroom, in a raid conducted by the Income Tax department.
We have arrested K C Veerendra. He was arrested in Hubballi on December 10 and brought to Bengaluru the following day and produced before the CBI court. He is in our custody for six days,” a top CBI official told PTI today.
Besides Veerendra, middlemen Thipeswamy and Venkatesh, residents of Chitradurga districts of Karnataka, and unknown officials of four banks — State Bank of India, State Bank of Mysore, ICICI Bank and Kotak Mahindra have also been named in the FIR in this case.
Police had also arrested RBI official, K Michael over charges of attempts to convert old currency notes worth Rs 1.51 crore.
“The agency has arrested an RBI official from Bengaluru for helping convert banned currency notes. Two other private persons have also been arrested,” a CBI official told PTI here, adding the arrest was made last week.
(With inputs from PTI)