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Saturday, July 02 2022

Fraudulent exchange of demonetised currency: Cashier sent to 7-yr prison - 1 min read

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Bengaluru: A special court in Bengaluru has convicted a head cashier for seven years of imprisonment for fraudulently exchanging demonetised currency with legal notes for the tune of Rs 2.18 Crore.

According to sources, the convicted officer is B. Dinesh who worked as a Head Cashier in the State Bank of Mysuru of Periyapatna branch in Mysuru District.

The CBI had filed a case against Dinesh, alleging that he had illegally exchanged demonetised currency for legal valid currency notes worth Rs. 2,18,46,300 between November 10 and November 23, 2016, in violation of a Government of India notification.

Dinesh was also accused of altering the actual denominations or figures written on deposit slips submitted by genuine customers to credit the amount to their accounts.

On November 30, 2017, the CBI issued a chargesheet against the accused following an investigation. The accused was found guilty and convicted by the trial court. Dinesh is said to have exchanged currency notes with a gold jeweller and a pawnbroker called Kumar. In exchange, he was offered a commission.

After the CBI filed an FIR for criminal conspiracy, cheating, criminal breach of trust, and falsification of accounts, the bank’s Deputy General Manager filed a complaint.

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