Crime in Hyderabad Top Stories

Fraudulent exchange of currency notes: CBI registers cases

Fraudulent exchange of currency notes: CBI registers cases

The city branch of the CBI has registered cases u/s 120-B r/w 406, 409, 420, 477-A IPC and Sec.13(2) r/w 13(1)(d) of PC Act, post-demonetization on the allegation that the accused public servants in criminal conspiracy with private persons fraudulently exchanged new currency notes of Rs 2000 denomination in lieu of old demonetized currency notes of Rs 500 and Rs 1000 denomination to the tune of Rs 2.95 crore meant for disbursement to the general public at various post offices.

A case RC 24(A)/2016 was registered on November 24 against K. Sudheer Babu, Senior Superintendent of Post Office, Hyderabad City Division, and G. Revathi, SPM, Himayath Nagar, SPO, G. Ravi Teja, Office Assistant, O/o SSPO and unknown others. The CBI sleuths also registered another case RC 27(A)/2016 on December 3 against K. Sudheer Babu, Senior Superintendent of Post Office, Hyderabad City Division, Hyderabad, M. Govinda Rao, SPM, Golkonda SPO, Syed Etheshamuddin, Cash Overseer, GPO, G. Ravi Teja and K. Suresh Kumar, both Office Assistants, O/o SSPO and unknown others. On December 6, the CBI officials registered a case RC 28(A)/2016 against K. Sudheer Babu, Senior Superintendent of Post Office, Hyderabad City Division, Hyderabad, P. Sampath Kumar, SPM, Karwan Sahu SPO, Syed Etheshamuddin, Cash Overseer, GPO and unknown others.

Searches have been conducted at 11 places i.e. residential/office premises of accused persons at Hyderabad and incriminating documents, laptops, mobile phones and cash of Rs 17.02 lakh in new currency notes of Rs 2000 denomination were seized. Four persons Shaik Abdul Ghani in RC 24/2016, G. Ravi Teja, K. Suresh Kumar and G. Srinivas in RC 27(A)/2016) have been arrested and sent to judicial custody. (NSS)