The Central Bureau of Investigation on Thursday has conducted searches at 32 places in Maharashtra including the administrative office and 17 branches of a Maharashtra based Co-operative Bank Ltd., and the residential premises of the accused persons at Pune, Baramati and Lonavala in an on-going investigation of a case relating to alleged exchange of demonetized currency notes. Incriminating documents recovered during searches are being scrutinised.
CBI had registered a case for criminal conspiracy (Sections 120B), cheating (Section 420), using as genuine a forged document(Section 471),falsification of accounts (Section 477- A) of the Indian Penal Code and public servant conducting criminal misconduct(Sections 13(2)) and 13(1)(d) of Prevention of Corruption Act 1988 against nine officers/officials of a Co-operative Bank Ltd., Pune.
It was alleged that after the announcement of demonetisation by the Government of India on November 8, 2016, the accused officers in conspiracy with each other, exchanged the demonetized general currency notes of Rs.1000 and Rs.500 denomination amounting to Rs. 40 lakhs with an equivalent amount of general currency notes of Rs 100 and Rs 50, which were collected from different branches of the bank.
The accused had replaced the original small cash books and cash summary books of administrative office and branches of the bank, with new manipulated small cash books containing the false entries with respect to various denominations of general currency notes of Rs 1000 & Rs 500 and Rs 100 & Rs 50 denominations to accommodate the exchange of demonetized currency done so, in gross violation of banking rules and regulations.