Two more RBI officers arrested in Bengaluru

Sleuths of Central Bureau of Investigation (CBI) arrested two officers of Reserve Bank of India (RBI) in Bengaluru on Friday. Sadananda Naika, Special Assistant of cash distribution division and AK Kevin, Special Assistant, were allegedly involved in illegal cash exchange scam are cooling their heels behind the bars currently.

CBI has arrested both the officers under corruption, fraud, crime and other charges under Prevention of Corruption Act, 1988.

Sources say that the CBI will keep them under their custody till December 21st. CBI will be producing the accused before the special court on Saturday.

Both the officers were working in the special counters that were opened in RBI on 8th November to exchange old currency. It is alleged that the officers were violating the RBI rules and giving currencies to some selected private agents on commission basis. 

This is the second arrest of RBI officers, previously, on 13th December, Michael, RBI manager, was arrested on the same charges.

• RBI
• black money
• CBI