RBI employee held for helping touts in exchanging Rs 1.51 crore

Bengaluru: Central Bureau of Investigation (CBI) has arrested a Reserve Bank of India (RBI) employee for allegedly helping touts in exchanging Rs 1.51 crore.

Rs 16 lakh in new currency has been recovered from the accused posted as Senior Special Assistant with RBI.

Earlier in the day the Enforcement Directorate(ED) had unearthed a big racket that dealt in illegal conversion of demonetised currency notes and arrested seven alleged middlemen.

ED had seized Rs 93 lakh in new currency in Karnataka as part of its money laundering probe.