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CBI has registered a case against a cashier working at a State Bank of Bikaner and Jaipur branch in Rajasthan for allegedly exchanging Rs 1,000 and Rs 500 notes for new ones worth more than Rs 1 crore post demonetisation.
An FIR was registered against the official based on a complaint filed by the manager of the bank's Collectorate Branch in Dausa, Rajasthan. 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/deposits 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.
CBI 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.)