4 more RBI officers involved in black money conversion

Bengaluru: Four employees of the Reserve Bank of India (RBI) in Bengaluru, including a manager-level official, are targeted by Central Bureau of Investigation (CBI) for allegedly helping a senior minister in the Karnataka government to exchange his unaccounted demonetised notes.

"We are still verifying the authenticity of the complaint since they have named a senior RBI official in Bengaluru. If it is genuine, we will act on them," CBI sources said.

In an online petition that was addressed to PM Narendra Modi is taking over social media, seeking a CBI probe into the matter. A senior RBI official, who also happens to be spouse of an IPS officer, is alleged to have facilitated the conversion of black money of the minister along with three other junior RBI officials.

CBI had so far arrested two RBI employees who were allegedly involved in the conversion of Rs 1.99 crore of demonetised currency with specified bank notes of Rs 2,000 and Rs 100. Apart from this, around 40 more employees of state-run and private sector banks are on CBI radar over alleged irregularities.