Skip to main content

7 arrested for converting old notes into new, Rs 93 lakh in Rs 2,000 notes found

Highlights

1
Seven arrested for converting demonetised notes into Rs 2,000 notes.

2
Rs 93 lakh in new currency was found with the middlemen.

Seven people, including a hawala operator, were arrested in Bengaluru today as part of a racket that converted black money in banned Rs 500 and Rs 1000 notes into the new Rs 2000 currency notes.
Rs 93 lakh in new currency was found with the middlemen after multiple government agencies raided them.
One of the arrested has been identified as KV Virendra, who is believed to be running a casino in Goa.
The CBI has also registered cases against the officials of four Karnataka banks - State Bank of India, State Bank of Mysore, ICICI Bank and Kotak Mahindra Bank - on charges of converting old notes with Rs 2000 notes.
The seven accused are reported to be charging 15 to 35 per cent commission for their work from black money hoarders.


Comments

Post a Comment

Popular posts from this blog

Cyclone Vardah: How and why was it named

Cyclones explained: How are they named, what constitutes them and how do they differ from typhoons and hurricanes. How are cyclones named? Tropical cyclones passing over the northern part of the Indian Ocean are named by eight countries in the region, namely India, Pakistan, Bangladesh, Sri Lanka, Maldives, Myanmar, Oman and Thailand. The process only began in 2004, fours years after World Meteorological Organization agreed in principle to allow them to name cyclones originating in the Bay of Bengal and Arabian Sea. The alphabet system is used to designate the name of a cyclone, which means the name of the year’s first cyclone begins with A. Previously, till 1979, cyclones were only given female names. Male names were only introduced in the same year. World Meteorological Organization (WMO) maintains the database of cyclone/hurricane/typhoon names. There are six lists of names used in rotation and they are recycled every six years. The names are picked from this pre-designated l...
Post a Comment
Read more

Antonio Guterres, former PM of Portugal, sworn in as 9th UN Secretary-General

United Nations Secretary-General-designate Antonio Guterres of Portugal speaks to members of the media after being sworn in at UN headquarters in New York, U.S., December 12 2016. Former Portuguese Prime Minister Antonio Guterres was sworn in as the ninth United Nations Secretary-General on Monday. He pledged to personally help broker peace in various conflicts and reform the world body so that it becomes more effective. Guterres, 67, will replace South Korea's Ban Ki-moon on January 1 2017 after Ban steps down at the end of this year. He served as secretary-general of the UN for 10 years. Guterres served as the prime minister of Portugal from 1995 to 2002 and as the UN High Commissioner for Refugees from 2005 to 2015. "From the acute crises in Syria, Yemen, South Sudan and elsewhere, to long-running disputes including the Israeli/Palestinian conflict, we need mediation, arbitration as well as creative diplomacy... As part of my good offices I am ready to engag...
Post a Comment
Read more

India developing atomic submarines, says Pakistan

File photo for representational purpose | PTI
Post a Comment
Read more