Illegal note exchange: 2 RBI officials arrested
According to media reports, the two persons have been identified as Senior Special Assistant Sadananda Naika and Special Assistant A K Kavin of cash department.
“Senior Special Assistant Sadananda Naika and Special Assistant A.K Kavin of Cash Department with RBI’s Bengaluru office have been arrested in a case of alleged illegal exchange of cash in violation of the rules,” a CBI official was quoted as saying by The Hindu.
The Centre on Nov 8 announced banning of old Rs. 500 and Rs. 1000 currency notes.
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