Note swap: CBI lens on 4 RBI men for aiding Karnataka minister

BENGALURU: Four employees of the Reserve Bank of India (RBI) in Bengaluru, including a manager-level official, are under the scanner of the 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 told TOI on Sunday.

An online petition addressed to PM Narendra Modi is also doing rounds in the social media seeking a CBI probe into the matter. In the petition, 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.


On Saturday, CBI had 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. This apart, around 40 more employees of state-run and private sector banks are on CBI radar over alleged irregularities.

“We are receiving a lot of tip-offs against bank officials and we are referring these cases to the concerned investigative agencies, CBI and ED,” said a senior I-T official.