Bank staff, 3 others booked for illegally exchanging old notes

Gurugram: The Gurugram Police booked four persons, including a manager of a private bank, on Sunday for illegally exchanging the demonetised currency for new banknotes. The case pertains to the seizure of old currency notes worth Rs 10.96 lakh on November 30.

“The cases have been registered against the manager of the bank, Suakant, businessman Sunny Khanduja and two of his associates at the Civil Lines police station,” ACP  Manish Sehgal said. They have been booked under relevant sections of the Indian Penal Code (IPC), including cheating, he said. The Gurugram Police’s crime unit on November 30, during a vehicle checking drive, had recovered old banknotes worth Rs 10.96 lakh from Khanduja’s associate, he said. “Initial investigations revealed that the bank manager illegally exchanged demonestised banknotes with new ones on commission,” said the ACP.

The case has been handed over to the Income Tax department, Mr Sehgal said. Khanduja and Suakant are still absconding, and efforts are being made to arrest them, he said.