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Demonetisation: CBI arrests 3 for exchanging black money in Kolkata

Demonetisation: CBI arrests 3 for exchanging black money in Kolkata

| | 08 Dec 2016, 02:09 pm
Kolkata, Dec 8 (IBNS): On the 30th day of demonetisation, the Anti-Corruption Branch of Central Bureau of Investigation (CBI) on Thursday booked three persons for allegedly converting black money into white, officials said.

Followed by raids at several locations in the city on Wednesday, the Enforcement Directorate (ED) detained three men, including a businessman, a private bank's branch manager and a tax consultant, for allegedly laundering a huge amount of black money through fake bank accounts, according to reports.

After night long interrogation, the trio was handed over to the CBI and the central probe agency arrested them in the morning.

The ED conducted raid at businessman Sanjay Jain's flat at Sealdah area and a private bank's Burra Bazar branch on Wednesday and Tuesday respectively and busted the money laundering racket.

Thereafter Sanjay Jain, that private bank's branch head and a Burra Bazar-based tax consultant were nabbed by the ED.

CBI officials, however, said that the three arrested, who are currently being quizzed, will be produced in a local court on Thursday.

Few days earlier, two managers of Axis Bank's branch in Delhi and a senior manager (branch head) of Central Bank of India's Basavanagudi branch in Bangalore were arrested with the same charges by ED and CBI respectively.

(Reporting by Deepayan Sinha)

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