Syndicate Bank Staffers Booked For Exchanging Rs 6 Lakh Without ID Proof

Hyderabad: Two bank officials of Syndicate Bank were booked on the charge of cheating and criminal breach of trust after they deposited Rs 6 lakh demonetized currency and withdrew equal amount of new currency without showing ID proof.

Saroornagar inspector S Lingaiah said that they have booked Radhika, a cashier, and Mallesh, a clerk, who are likely to get arrested on Monday

Branch manager Narsaiah filed a complaint on Sunday and said that Mallesh colluded with cashier Radhika and exchanged Rs 6 lakh demonetized currency without furnishing any ID proof on Saturday.

Saroornagar inspector S Lingaiah said that they have booked Radhika, a cashier, and Mallesh, a clerk, who are likely to get arrested on Monday.

As per RBI rules every individual could exchange only Rs 4,000 of demonetized cash a day.

Saroornagar inspector S Lingaiah said, "During an internal audit the bank officials came to know about the transaction and then suspended the two errant staffers.”

After the suspension, Mallesh returned to the bank and gave Rs 5.6 lakh new currency he got from Radhika, Lingaiah added.