CBI arrests 2 postal employees for conversion of old currency

CBI has arrested the Sub-Post master and the Treasurer of Sub-post office, Andhra University for alleged fraudulent exchange of Rs 21 lakh of currency in violation of rules laid down after demonetisation of Rs 1,000 and Rs 500 notes on November 8.

Sub-postmaster K Lalitha and treasurer of sub-post office, Andhra University, S Samuel John, were arrested for allegedly converting the notes in criminal conspiracy with friends and acquaintances, CBI sources said.

They said searches were conducted at the residences.

An FIR for criminal conspiracy, cheating, forgery has been registered against them, the sources said.