Saturday, Apr 20, 2024 | Last Update : 05:41 AM IST
Banker in net for flouting RBI norms
Some 149 DDs were issued for less than Rs 50,000 which was allegedly done by the accused to convert the old demonetised notes.
New Delhi: The CBI on Tuesday registered a case against a senior manager of a Bengaluru-based public sector bank and owners of a private firm for allegedly violating RBI guidelines for scrapping old currency notes of Rs 500 and Rs 1000. According to sources the agency registered a case against senior manager and branch head of Central Bank of India’s Basavanagudi branch (Bengaluru) S Lakshimnarayana and Directors S Gopal and Ashwin G Sunkur of Omkar Parimal Mandir under various sections of Indian Penal Code and Prevention of Corruption Act.
There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines. The total value of the demand drafts was Rs 71 lakh which the branch manager accepted in old notes from the owners of the company, they said. Some 149 DDs were issued for less than Rs 50,000 which was allegedly done by the accused to convert the old demonetised notes.
