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CBI books bank official for exchanging old notes worth Rs 1.01

Press Trust of India  |  New Delhi 

has registered a case against a cashier working at a State of Bikaner and branch in for allegedly exchanging Rs 1,000 and Rs 500 notes for new ones worth more than Rs 1 crore post

An FIR was registered against the official based on a complaint filed by the manager of the bank's Collectorate Branch in Dausa, It was alleged that Yogendra Singh Merna, posted as Head Cashier, violated guidelines to allow exchange and deposit of scrapped notes.

"It is also alleged that Meena, by way of violating the prevailing guidelines prescribed by RBI regarding exchange/of old currency demonetised by RBI, exchanged/deposited total amount of Rs 1.01 crore during the questioned period from November 10 to November 25, 2016," the FIR stated.

said it has registered a case of criminal conspiracy, cheating and under the provisions of the Prevention of Corruption Act against the Head Cashier and others.

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

First Published: Wed, November 30 2016. 19:42 IST