Two Held for Unauthorised Currency Exchange

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Demonetisation has lowered the market speed and people are trying all methods to save their black currency. While people have tried their best to convert black into white, many crime scenes have come to light and accused are being arrested. One such incident happened in the city a day before.

According to reports, two postal department employees were held by the CBI officials yesterday in Visakhapatnam for doing a fraud and exchanging 21.73 lakhs with the old demonetised currency.

The anti-corruption branch of the CBI conducted a joint check, as per information about the misappropriation of new notes for the unauthorised currency exchange by the officials of Sub Post office in the Andhra University campus, Visakhapatnam. Sub postmaster K. Lalitha and treasurer, S. Samuel were recognised to have exchange this huge amount of money with their friends and acquaintances and came to light on the afternoon of 14^th of December when the anti corruption branch of the CBI conducted a joint surprise check.

A case was registered against both of them on 15^th of December and was arrested by the officials today. The accused will be produced before the Special judge for the CBI cases-Visakhapatnam, while a search is still going on as the residents of the accused and the investigation is still under progress.

While people have been facing problems due to demonetisation, illegal currency exchange is a big crime and people will gradually be punished for any such offence. CBI officials are keeping an eye on all the transactions and we hope no such fraud takes place in the coming days.