A Big Scandal Include Big Names With Some Higher SBI Authorities

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Seized new and Scrapped currency notes
Seized new and Scrapped currency notes

Bhubaneswar/Sambalpur: It was believed that demonetization would be turned a huge gale to stop black money in the country. But that dream has broken up with big jolt, when on Sunday eight men were arrested with a huge amount of money along with the bank employees who were helping them to convert their black money into white. Odisha Police on Sunday has exposed a currency exchange racket in both scarped and new currency notes, when they seized over Rs. 1.42 crore and also, arrested eight persons, including a country liquor baron exchange and bank employees, in Sambalpur district. The Sambalpur Superintendent Of Police Akhileshwar Singh said that  Rs.1,42,91,500 cash was seized, from which Rs. 85,62,000 was in new Rs. 2,000 and Rs. 500 currency notes, while Rs. 25,29,000 was in demonetized bank notes of Rs. 500 and Rs. 1,000 denominations. In a press release the Superintendent Of Police Akhileshwar Singh said that ” I would not have been possible to get such a large amount of new denomination notes without the involvement of bank officials. The interrogation is going on and the police will explore all the possible ways to get to the truth that how they have managed to get so much of new currency in cash”. The involvement of bank officials has been established as there are bank official who got arrested with the other arrested people. While seizing the cash, the police arrested Md Quizafi Ali and Rifat Ali son of Liquor trader Jiarat Ali and also, two pistols and five bullets were also recovered from the possessions.

Seized new and Scrapped currency notes
Seized new and Scrapped currency notes

In the list of these accused there were few bank officials also involved because as in the current scenario where no one is allowed to withdraw more than Rs. 50,000 at one go ( the highest in case of current accounts), these people managed to exchange Rs. 10 lakh. This can note be possible without intrigue of the bank staff, said the superintendent of Police. Also, examining who all are involved in this operation from the bank’s side. The arrested people were identified as Public Relation Officer of the main branch of SBI in Sambalpur Rashmi Ranjan Rout (36), her elder brother Pankaj Kumar Rout (43), Kapil Jhajharia (37) and Rabi Trived (40). A case was registered in this connection and the accused were produced in the court and from where they were remanded in judicial custody after their bail pleas was rejected by the magistrate. Jiarat, a liquor trader has many shops in the town. Earlier also the police had received complaints about  Jiarat moving in a car with some unidentified youths and trying to exchange huge amount of scrapped notes. Jiarat has big connections, but SP was directing Dhanupali police to form a special squad and keep a track on his movements of Jairat and his accompolice. The police were continusly following Jiarat’s each and every movement and the police team were informed thar in Hyundai i10 car of Jairat’s is carrying black money the police network got activated. Police intercepted the car immediately and seized both old and new currency notes which was carried by two of his sons with the firearms.

 

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