Demonetisation: CBI books 3 postal employees over exchange irregularities

The CBI has registered a case against three postal employees in Hyderabad for irregularities in exchanging demonetised high-value notes worth Rs 36 lakh.

The CBI has registered a case against three postal employees in Hyderabad for irregularities in exchanging demonetised high-value notes worth Rs 36 lakh.

The agency registered a First Information Report (FIR) against Sudheer Babu, Senior Superintendent of post offices, Hyderabad city division, G. Revathi, Sub-Postmaster, and G. Ravi Teja, Office Assistant.

They have been booked on charges of criminal misconduct, criminal conspiracy, criminal breach of trust by public servants, cheating and falsification of books of accounts.

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There was no confirmation if the accused were arrested.

The Central Bureau of Investigation on November 25 conducted checks at General Post Office, the sub post office at Himayatnagar and some post offices in the city following credible information that grave irregularities were committed in exchange of spiked currency notes with new currency notes.

According to the CBI, Sudheer Babu on November 12 got exchanged old currency notes of Rs 1,000 and Rs 500 valued at Rs 36 lakh with new notes of Rs 2,000 with the help of Ravi Teja and G. Revathi.

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The investigation revealed that the illegal exchange was done from Rs 70 lakh new currency allotted to Himayatnagar sub post office for exchange from the general public.

The irregularity was detected as the CBI did not find requisition slips for exchange of Rs 36,28,000.

The CBI is conducting further investigation to find out if more public servants were involved in the case.