Enforcement Directorate (ED) officials on Tuesday seized Rs 93 lakh in new currency notes from seven middlemen in Karnataka. According to a report, the ED officials presented themselves as customers to the middlemen and managed to lure them into a trap. This new seizure by ED adds to the series of similar confiscations been made recently throughout the country, revealing an illegal money currency exchange mechanism between black money holders and senior bank employees.
The reports also suggest that the middlemen had links with bank managers and they were allegedly taking 15 to 35 per cent commission for exchange of notes. Further investigation is being carried out to identify those to whom the money belonged and the bank officials involved in this.
