27 bank employees suspended for indulging in fraud

03-12-2016 Sat 08:36

The Central government has suspended 27 bank officials for indulging in irregularities of issuing Rs 2000 new currency notes in exchange of demonetised currency on commission basis. The fraud came to light after Income Tax officials conducted raids. The bank employees have been working hard for more than 10 hours but some officials took demonetisation as an opportunity and turned black money to white by violating the RBI rules. The Union Finance Ministry transferred six high ranking officials to unimportant posts.


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