CBI unearths Rs 396 crore of alleged slush funds in 84 registered cases after demonetisation

New Delhi:  The CBI has unearthed Rs 396 crore of alleged slush funds in 84 cases registered by it relating to illicit currency exchange that took place after the government announced demonetisation of Rs 1,000 and Rs 500 notes a year ago, the agency said on Wednesday.

The 84 cases which also include seven preliminary inquiries related to the fraudulent exchange of demonetised notes at commercial banks, co-operative banks, post offices, railways, and insurance company, it said.

Representational image. AFP

Representational image. AFP

The CBI claimed that it was ensured that every information related to such violation of laws should be entertained and examined and if required, cases should be registered.

The agency received 92 complaints from the general public which reported such illegal exchanges in various organisations, it said.

"Some private individuals were nabbed with huge amounts of new currency. Since the restrictions on individuals in terms of withdrawals of a new currency, the investigation is to find out how they could come in possession of such amounts," CBI spokesperson Abhishek Dayal said.

Updated Date: Nov 08, 2017 18:18 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See