Railway official in CBI net for exchanging demonetised notes

An Assistant Commercial Manager of Railways posted at Mumbai's Chatrapati Shivaji Terminus has been booked for allegedly exchanging demonetised currency.

New Delhi, Dec 17: CBI has booked an Assistant Commercial Manager of Railways posted at Mumbai's Chatrapati Shivaji Terminus for allegedly exchanging demonetised currency having face value of Rs 8.22 lakh with newly introduced Rs 2,000 notes.

CBI sources said the case has been been registered against K L Bhoyar, Assistant Commercial Manager, Central Railways posted at CST Mumbai under sections related to criminal conspiracy and provisions of Prevention of Corruption Act.

It is alleged that he exchanged notes having face value of Rs 8.22 lakh with Rs 2000 and Rs 100 notes at a booking counter at CST Mumbai and Kalyan in Thane District, the sources said.

They said CBI is carrying out searches today at his official and residential premises.

PTI