CBI raids Jalgaon district Central Co-op Bank

Harboring suspicions about alleged involvement in illegal exchange of demonetised currency, CBI recently conducted raids on office and residence premises of top officers of Jalgaon district Central Cooperative Bank in Maharashtra, reports ANI.

The suspected officials allegedly converted demonetised currency of worth Rs. 73 lakh on November 8, 2016, a day after Prime Minister Narendra Modi announced his historical decision of nullifying Rs. 500 and 1,000 notes.

The investigation is reported to be still in progress.

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