CBI conducts searches at 32 places in defunct currency case
New Delhi: The Central Bureau of Investigation has on Thursday conducted searches at 32 places including the Administrative Office & 17 branches of a Maharashtra based Co-operative Bank Ltd and the residential premises of the accused persons at Pune, Baramati and Lonavala in an on-going investigation of a case relating to alleged exchange of demonetized currency notes.
Incriminating documents recovered during searches are being scrutinized.
CBI registered a case under Sections 120-B, 420,471,477- A of IPC and Sections 13(2) r/w 13(1)(d) of PC Act 1988 against nine officers/officials of a Co-operative Bank Ltd, Pune and others. The accused officers and officials exchanged the demonetized Rs 1,000 and Rs 500 amounting to Rs 40 lakh (approx) with an equivalent amount of Rs 100 and Rs 50, which were collected from different Branches of the said Co-operative Bank Ltd.