AMN
CBI has arrested two persons in connection with the Income Tax department’s recent seizure of 5 63 crore rupees in new currency notes from several individuals in Bengaluru which was allegedly diverted by an ATM servicing company together with bank officials.
CBI arrested Nazeer Ahmed and Chandrakanth Ramalingam who were named in the FIR registered by it. Both were presented before a special court in Bengaluru and have been sent to five days CBI custody.
The agency said, it conducted searches at 10 locations in different places across Bengaluru including the residences of bank officials, some private persons, offices of Karnataka Bank, Dhanalaxmi Bank and ATM servicing company.
Several incriminating documents, computer hard disks, applications along with the ID proofs submitted to the bank for exchange of Specified Bank Notes (SBN) and vouchers through which money was withdrawn have been recovered.