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May 22, 2022

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Cashier sentenced to 7 years in jail for illegally exchanging notes


Cashier gets 7 years in jail for illegal exchange of demonetised notes

A special court in Bengaluru on Tuesday sentenced a former employee of the former State Bank of Mysore (now merged with SBI) to seven years in jail for illegally exchanging demonetised banknotes in November 2016. The court also imposed a fine of about Rs 2.19 crore. The claim was made by B Dinesh, the then head cashier of the bank, he claimed.

CBI An FIR was registered against Dinesh between November 10 and November 23, 2016 for illegally exchanging old notes of Rs 1,000 and Rs 500 with genuine banknotes worth over Rs 2.18 crore. Central GovernmentLimits issued on 8 November 2016.

“It was also said that B Dinesh tampered with the actual amount and figures entered on the deposit slips supplied by legitimate customers so that the same amount could be credited to their respective accounts.” CBI spokesperson RC Joshi said.

on 8 November 2016 Prime minister Narendra Modi announced demonetisation of Rs 1,000 and Rs 500 notes.

The action was accompanied by rationing of new currency notes supplied by a bank to an individual, as well as other accountability measures imposed on those who deposit old notes.


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