CBI has registered a case against secretaries of six service co-operative banks in Kollam in Kerala for permitting deposits above the stipulated amount of Rs 50,000 after demonetization, reports Indian Express.
Banned notes worth Rs 57, 49, 500 were deposited into various accounts between November 8 and November 15, 2016 in the six cooperative banks.
The case has been registered under section 120(B) (criminal conspiracy), 409 (criminal breach of trust), 420 (cheating) and Prevention of Corruption Act, 13(2) and 13(1) (d).
