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Demonetization: Bank officials among 4 arrested by CBI in case of depositing of Rs 24.35 crore

Two bank officials, including an Assistant General Manger, and proprietors of two private firms have been arrested by the CBI in connection with a case of deposit of Rs 24.35 crore in cash post demonetization.

CBI sources said J L Bansal, AGM of Bank of India, Ghoddod Road Branch in Surat (Gujarat) and N L Gamit, the then Senior Manager of the bank, Maharshi Chokkas, proprietor of Maharshi Traders and Himanshu R Shah of Shah Maganlal Gulabchand Chokasi have been taken into custody.

Agency Spokesperson R K Gaur said a case was registered on December 29, 2016 against the four accused. “It was alleged that the accused entered into criminal conspiracy and committed forgery in the bank account opening of a private firm and a cash deposit of Rs 24.35 crore was made in said account after November 8, 2016 by a Proprietor of a Surat-based private firm and the same was diverted to the accounts of co-accused by way of real-time gross settlement systems (RTGS) transfers,” Gaur said.

He said searches were conducted at nine places, including Surat and Jaipur on January 2, which led to recovery of incriminating documents.