More

    Rs 70 lakh in new currency seized in raids on postal official’s kin

    Must Read

    Covid 19 cases reached 14009 in Vadodara after 99 new cases on Tuesday

     Total 99 discharged from hospital taking the total to 12203 Covid 19 cases in...

    Garba with morning exercise made Covid patients feel the joy of Navratri at SSG hospital

     Communicate the energy and consciousness of devotion to God through coordination of Garba with exercise

    Railways agrees to Maharashtra govt’s proposal to allow women to travel in local trains from Oct 21

    Union Railways Minister Piyush Goyal on Tuesday said the national transporter will allow women to travel on...

    The CBI recovered Rs 70 lakh in new currency near Hyderabad during raids on relatives of a postal official who was earlier arrested for allegedly being involved in fraudulent exchange of new currency notes, police said on Saturday.

    The cash, all in new notes of Rs 2,000, was seized on Friday during raids in Ibrahimpatnam in Ranga Reddy district.

    The raids came a day after a special court in Hyderabad sent K. Sudheer Babu, senior superintendent of a post office in Hyderabad to judicial custody till December 23.

    Sudheer Babu had surrendered before the Central Bureau of Investigation on Thursday.

    Two others, Nitin and Narasimha Reddy, who acted as middlemen, were also arrested and sent to judicial remand.

    The CBI registered three cases and arrested four accused, including Sudheer Babu.

    Sudheer Babu allegedly handed over new currency notes of Rs 2,000 denomination and valued Rs 2.95 crore to middlemen for a commission.

    He had taken the new currency notes from the money sent to the postal department for exchange of demonetised notes of Rs 500 and 1,000.

    The CBI has also booked cases against two assistant in the office of senior superintendent of post office and officials of three post offices in Hyderabad for committing irregularities in criminal conspiracy with Sudheer Babu.

    The investigating agency had earlier recovered Rs 17.02 lakh in new currency notes of Rs 2,000 denomination.

    It is likely to seek custody of the main accused for further investigations in the case.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest News

    Railways agrees to Maharashtra govt’s proposal to allow women to travel in local trains from Oct 21

    Union Railways Minister Piyush Goyal on Tuesday said the national transporter will allow women to travel on...

    Garba with morning exercise made Covid patients feel the joy of Navratri at SSG hospital

     Communicate the energy and consciousness of devotion to God through coordination of Garba with exercise Regular exercises and...

    Railways agrees to Maharashtra govt’s proposal to allow women to travel in local trains from Oct 21

    Union Railways Minister Piyush Goyal on Tuesday said the national transporter will allow women to travel on suburban trains in Mumbai from...

    First batch of girls to join Sainik school Balachadi

    Now girls can join Sainik schools from next academic year in India. The decision is taken in continuation with the efforts of...

    PM Modi to address the nation at 6pm

    The Prime Minister urged people to join him but did not give any detail about the message he is going to share....

    More Articles Like This

    - Advertisement -