Source: Deccan Herald
The DH has reported a news about CBI sleuths having registered criminal cases against D Rajasekhar, senior branch manager of Syndicate Bank, Goaves Branch, Belagavi, unknown officials of Syndicate Bank and some private persons for violating RBI guidelines.
Rajasekhar reportedly committed serious irregularities in implementation of RBI circular on demonetisation. He is said to have carried out suspicious transactions to the tune of Rs 12 lakh by fraudulent means in non-home branch accounts and reactivated dormant accounts. He also resorted to illegal transactions, fraudulent replacement of new currency, submission of false daily reports to controlling office and fraudulent transactions in the accounts of family members.
Searches were conducted at Belagavi and Karimnagar in Telangana and incriminating documents were seized.