Senior RBI officer arrested by CBI for assisting convert black money to white
Author yuvamind
NEW DELHI: According to reports, CBI on Tuesday arrested a
RBI assistant K Micheal. He was allegedly involved in assisting convert
black money to white money. At least Rs 1.50 crores was involved in the case.
Besides it, eight people have also been arrested in a case after raids in which crores in currency notes have been found.
The CBI investigators pretended to be customers to catch the eight middlemen allegedly involved in laundering black money for a price. Around Rs. 93 lakh in currency notes was found on them in raids over the weekend.
One of the arrested men is the relative of government engineer named
SC Jayachandra, whose interrogation reportedly led officers to the eight middlemen allegedly charging
15 to 35 per cent commission to convert old notes banned on November 8 by the government to choke tax evaders.
According to the official statement, the action was taken as part of a probe in a case where the Income Tax department had recently seized Rs 5.7 crore cash in new currency and the Enforcement Directorate had booked a money laundering case against a government engineer and others based on a CBI FIR in the case.