Bengaluru, May 31: The CBI conducted searches at five places in an ongoing investigation of a demonetisation case in Karnataka on Thursday.
It was alleged that B Prakash, chief manager, Corporation Bank, Ramanagara, in connivance with unknown officials of Corporation Bank and unknown others, has illegally exchanged Rs 10 lakh of Specified Bank Notes (SBNs) with new currency on November 14, 2016, and tried to cover up this act by fabricating the requisition slips.
Searches are being conducted at five places in Bengaluru, Kanakapura and Ramanagara, which includes Election Cell, Kanakapura, an office at Ramanagara and three residences of the Election Cell in-charge Shivananda, Election Cell clerk Nanjappa and Padmanabaiah, PA.
Padmanabaiah had allegedly exchanged the SBN notes in the bank. The CBI had registered a case against Prakash, unknown officials and unknown others on April 7, 2017.
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