Business Standard

CBI books three postal employees over currency irregularities

IANS  |  Hyderabad 

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

The agency registered a First Information Report (FIR) against Sudheer Babu, Senior Superintendent of post offices, 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.

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.

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 did not find requisition slips for exchange of Rs 36,28,000.

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



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 14:08 IST