Surprise checks yield Rs 2.95 crore at Hyderabad post offices: CBI | india-news | Hindustan Times
Today in New Delhi, India
Jul 25, 2017-Tuesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Surprise checks yield Rs 2.95 crore at Hyderabad post offices: CBI

Surprise checks conducted by the CBI and vigilance officials of the postal department at different post offices in the city late last month following demonetisation have found misappropriation of new currency notes to the tune of Rs 2.95 crore, the probe agency said on Thursday.

india Updated: Dec 09, 2016 01:05 IST
The CBI and vigilance officers conducted surprise checks at various post offices in Hyderabad.
The CBI and vigilance officers conducted surprise checks at various post offices in Hyderabad.(AFP File Photo)

Surprise checks conducted by the CBI and vigilance officials of the postal department at different post offices in the city late last month following demonetisation have found misappropriation of new currency notes to the tune of Rs 2.95 crore, the probe agency said on Thursday.

Four people have been arrested as part of the investigation and remanded in judicial custody by a court, a release said.

CBI and ACB, Hyderabad have registered three separate cases to investigate the alleged frauds, it said.

Investigation so far has found that “a senior postal official has ‘dishonestly and fraudulently’ exchanged crores of rupees with various businessmen for a commission”, the release said.

He had been absconding for the last few days but has surrendered and was now being interrogated, it added.