Begin typing your search above and press return to search.

2 bank employees booked for exchanging Rs 6 lakh without ID

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  15 Nov 2016 12:00 AM GMT

Hyderabad, Nov 14: Police in Hyderabad booked two employees of a bank for exchanging demonetised notes worth Rs 6 lakh without identification proof. The employees of Kamala gar branch of Syndicate Bank in Saroorgar were booked late on Sunday after the mager lodged a complaint with the police. V. Mallesh, a clerk, handed over demonetized notes of Rs 1,000 and Rs 500 to cashier Radhika and collected equal amount in new currency notes of Rs 2,000. This incident happened on Saturday and the same was detected by the mager during verification. Saroorgar police booked the duo for cheating and crimil breach of trust. Following suspension by the bank mager, Mallesh brought back Rs 5.6 lakh. He told the higher-ups that he spent the remaining amount. The bank officials and police, however, don’t believe that the money belonged to him. Police were questioning him to know the source of demonetized notes. Under the Reserve Bank of India (RBI) rules, a person can exchange maximum of Rs 4,000 demonetized notes by submitting Aadhar card or other identification proof. (IANS)

Next Story