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Exchange of demonetized currency: CBI arrests Director, Postal Services and Senior Superintendent of Posts

Exchange of demonetized currency: CBI arrests Director, Postal Services and Senior Superintendent of Posts

India Blooms News Service | | 20 Mar 2017, 07:57 pm
New Delhi, Mar 20 (IBNS): The Central Bureau of Investigation on Monday said it has arrested a Director, Postal Services and Senior Superintendent of Posts, Ahmedabad (Gujarat) in an on-going investigation of a case.

"CBI has registered a case on 07.03.2017 U/s 120 B r/w 409 & 420 of IPC and Section 13(2) r/w 13(1)(c)&(d) of the PC Act, 1988 against three postal officials and unknown others on a complaint from Postal Department related to acts of omission or commission by postal staff of Post Office, Navrangpura HO, Ahmedabad, during demonetization period. It was alleged that demonetization was announced on 8.11.2016 and 09.11.2016 was a non- financial day," the CBI said in a statement. 

"During inspection of Navrangpura HO Post Office, it was revealed that an amount of Rs.6,59,800/- (approx) was found unauthorizedly exchanged on 09.11.2016 as the currency notes of 100, 50, 20 and 10 denomination decreased to the tune of above amount as compared to the closing figures of 8.11.2016," it said.

"It was further alleged that there was contradiction in reporting of exchange/ Withdrawn Old Series (WOS), in the records of Navrangpura HO, SSPO’s City Division and record of entry made in the excel sheet of the actual forms available in the branch," read a statement issued by the CBI.

Searches were conducted at 9 premises in & around Ahmedabad which led to recovery of incriminating documents. A cash of Rs. One lakh(approx) from residence and Rs.1.66 lakh(approx) from Office in new currency was recovered from the premises of Director, Postal Services.

Both the arrested accused are being produced today before the Special Judge, CBI Court, Mirzapur, Ahmedabad. Further investigation is continuing.

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