The Central Bureau of Investigation has registered a total of eight money laundering cases since demonetisation announcement.
Of the 16 people arrested by the agency for their role in illegally exchanging currency notes 12 are public servants. The latest arrest came from Bengaluru on Tuesday when sleuths arrested K Michael, a senior special assistant for helping his friend exchange Rs 6 lakh demonetised notes with Rs 100 currency notes.
The CBI in the FIRs that have been registered, has recorded a total of Rs 17.36 as having been laundered so far. Rs 3.75 crore from Hyderabad and Rs 13.61 from Bengaluru have been recorded as having been laundered. From tip-offs and leads through investigations, CBI officials have seized around Rs 1.76 crore.