HomeNews News CBI Arrests Senior RBI official For Illegally Exchanging Rupees 1.5 Crores CBI Arrests Senior RBI official For Illegally Exchanging Rupees 1.5 Crores

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CBI Arrests Senior RBI official For Illegally Exchanging Rupees 1.5 Crores

CBI Arrests Senior RBI official For Illegally Exchanging Rupees 1.5 Crores

Wednesday, December 14, 2016, 1:09 PM
Senior RBI official K Micheal, was arrested in Bengaluru, by the Central Bureau of Investigation, for his involvement in the illegal exchange of Rupees 1.50 crores of scrapped 500 and 1000 rupee notes, with the new rupee currency. CBI has recovered 16 lakh rupees, in new currency from him. CBI has registered cases against officials of SBI, ICICI Bank and Kotak Mahindra Bank.
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