Thursday, May 28th, 2020

CBI registers a case against two managers of cooperative urban bank; a mumbai doctor & others -searches conducted

cbi logo invc newsINVC NEWS New Delhi, The Central Bureau of Investigation has registered a case U/s 120B of IPC r/w 420, 406, 409, 477A & 13(2) r/w 13(1)(d) of PC Act, 1988 & substantive offences against a private person, resident of ChinchwadGaon, Pune; a Manager & two others working in Vaidyanath Cooperative Urban Bank Ltd., Pimprichinchwad; another Manager of Vaidyanath Cooperative Urban Bank Ltd., Ghatkopar; a Doctor of Mumbai; a private hospital of Aurangabad; unknown Bank officials and unknown private persons. It was alleged that the accused entered into a conspiracy and fraudulently transported Rs.25 crores (approx.) in demonetised currency from the Head Office of Vaidyanath Cooperative Urban Bank, Beed, Maharashtra to their Ghatkopar Branch on 19.11.2016, for changing it to legal tender. Out of the said amount, a sum of Rs.15 crores (approx.) was allegedly deposited with Maharashtra State Urban Co-operative Bank and the balance amount of around Rs.10 crores (i.e. Rs.10 lakh in new currency of Rs.2000/- denomination and the balance in old denomination of Rs.500/-) was being transported back to Beed, when they were intercepted by the State police, Mumbai on 15.12.2016. Searches were conducted today at 11 places including official & residential premises of the accused persons in Pune, Mumbai, Aurangabad & Beed (Maharashtra). Further investigation is in progress.



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