CBI arrests RBI employee for allegedly helping touts in exchanging Rs 1.51 crore

Bengaluru: Central Bureau of Investigation (CBI) has arrested a Reserve Bank of India (RBI) employee for allegedly helping touts in exchanging Rs 1.51 crore.

Rs 16 lakh in new currency has been recovered from the accused posted as Senior Special Assistant with RBI.

Earlier in the day the Enforcement Directorate (ED) had unearthed a big racket that dealt in illegal conversion of demonetised currency notes and arrested seven alleged middlemen.

ED had seized Rs 93 lakh in new currency in Karnataka as part of its money laundering probe.

The agency had informed media that seven of these arrested alleged middlemen including the relative of a government official, were arrested late yesterday under provisions of the Prevention of Money Laundering Act (PMLA).

Rs 93 lakh in new notes of Rs 2000 had been seized in the case.