29/11/2016 10:43 AM IST | Updated 29/11/2016 11:56 AM IST

Demonetisation: CBI Books Senior Postal Official, Two Others For Alleged ₹36 Lakhs In Currency Exchange Fraud

CBI had made a surprise visit on post offices on November 24 based on "credible" information on irregularities

Anindito Mukherjee / Reuters

CBI is investigating three India Post officials for allegedly exchanging new currency notes worth ₹36 lakh without proper documentation. Among the accused is a senior superintendent, K Sudheer Babu, in Hyderabad.

According to a Times Of Indiareport, a criminal case has been registered including criminal conspiracy, breach of trust, and alleged fraud under the Prevention of Corruption Act against the senior superintendent, a sub postmaster, an office assistant, and several unknown ublic servants and private persons.

CBI had made a surprise visit on post offices on November 24 after receiving "credible information" about alleged irregularities during the exchange of old currency notes ₹1,000 and ₹500 at a post office in Himayathnagar.

"They exchanged new currencies which was meant for public. They diverted it... They have taken up Rs 36 lakh roughly and replaced it with old currencies and showed that it has been exchanged," CBI sources told PTI.

According to PTI, an investigation is ongoing to find out other details including identifying the beneficiaries.

Other cases of fraud have also come to light since the demonetisation move was annouced. Last week, Hyderabad police booked two bank employees for allegedly exchanging demonetised notes worth ₹6 lakh without proper documentation.

With PTI inputs