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CBI arrests Senior Special Assistant of Reserve Bank of India

The Central Bureau of Investigation on Tuesday arrested the Senior Special Assistant of the Reserve Bank of India (RBI) K Michael

Sakshi Chaturvedi

Sakshi ChaturvediBy Sakshi Chaturvedi

Published on 13 Dec 2016 11:54 AM GMT

CBI arrests Senior Special Assistant of Reserve Bank of India
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Central Bureau of Investigation arrests Senior Special Assistant of RBI
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Bengaluru: The Central Bureau of Investigation on Tuesday arrested the Senior Special Assistant of the Reserve Bank of India (RBI) K Michael including two others in Bengaluru for their alleged involvement in exchange of banned currency notes.

According to the sources:

  • Michael including two others was involved in exchange of old Rs 500 and Rs 1000 currency notes worth Rs 1.51 crore.
  • The new currency notes were obtained from the State Bank of Mysore in Bengaluru.

It may be recalled that on December 10 the Karnataka and Goa wing of the Income Tax department seized Rs 5.7 crore in new currency recovered from a secret locker of bathroom in Hubballi at the residence of JDS leader and casino owner KC Veerendra.

Sakshi Chaturvedi

Sakshi Chaturvedi

A journalist, presently working as a Sub-Editor at newstrack.com.

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