NEW DELHI: The CBI on Saturday arrested two employees of Reserve Bank of India in Bengaluru in connection with the alleged conversion of Rs 1.99 crore of demonetised currency with new notes of Rs 2,000 and Rs 100.
CBI sources said Senior Special Assistant Sadananda Naika and Special Assistant A K Kavin were arrested for unauthorised exchange of the currency and have been booked for criminal conspiracy under the Indian Penal Code and violations of the Prevention of Corruption Act.
The designated court in Bengaluru has remanded both the accused to four-day CBI custody, the sources said.
"It is alleged that both the accused and other unknown officials of RBI, Bengaluru entered in criminal conspiracy with unknown others,"a CBI spokesperson said.
In furtherance with the criminal conspiracy, the accused,along with other unknown officials, who were entrusted with the responsibility of new currency notes,"fraudulently" gave away new notes to the tune of Rs 1.99 crore to RBI officials and others replacing the demonetised bank notes.
The accused persons allegedly exchanged the notes in violation of exchange limits imposed by the RBI.
The agency had earlier arrested another employee of RBI in a separate case in which currency worth over Rs 6 lakh was exchanged by him using his influence over officials of State Bank of Mysore.
Meanwhile, the CBI on Saturday registered a corruption case against a senior official of railways on charges of exchanging demonetized currency worth Rs 8.22 lakh with the new Rs 2000 notes.
The agency registered the case against K.L Bhoyar, assistant commercial manager of Central Railway posted in Mumbai.
“He has been booked under criminal conspiracy and Prevention of Corruption Act. It is alleged that he exchanged demonetized currency notes with Rs new 2000 notes and Rs 100 notes at a booking counter at CST Mumbai and Kalyan district in Thane,” the spokesperson said, adding Raids are being conducted at his residence and office premises.