The head cashier of Dausa situated branch of State Bank of Bikaner and Jaipur (SBBJ), district collectorate, has been found red-handed for exchanging illegal notes with legal currency. Not only did he trapped himself in a criminal offence,but also persuaded the bank staff to support him in his illegal move.
The head cashier identified as Yogendra Meena was earlier suspended on 30th November while he was allegedly found exchanging illegal notes of Rs 500 and Rs 1000. The matter came to the notice of Dausa police on 28thNovember and CBI commenced its investigations,subsequently.
CBI informed that the bank staff used to declare the bank closed on any random day. Taking advantage of no queues lined up, the bank staff used to enter their acquaintances from the back-gate. The staff readily exchanged notes of their relatives. With enough cash in bank due to ceased Over the counter activity, the banks had plenty cash to exchange for the illegal notes.
There are adequate document records to prove the mischievous fraud and expose the culprit. Interestingly, the accused is amicably cooperating with the ongoing investigations.
The bank branch had exchanged an estimate of Rs 8.01 crore money of older denomination of Rs 500 and Rs 1000 with new currency notes. This was revealed by the CBI investigator of Jaipur who is investigating the case. “The bank staff was exchanging the money for a commission varying from 10 percent to 15 percent,”he informed on Tuesday.
“He had joined banking services in 2011 and is a son of a retired IAS officer Sreeram Meena. It appears that he was not alone in this malpractice as we believe other bank officers were also part of the nexus. Post demonetization since November, 9 from this bank an exchange of Rs 8.01 crore was done and the bank officers including Meena were taking a commission very from 10 percent to 15 percent,” said a senior officer of CBI on the condition of anonymity.
The authorities have also registered a case against Yogendra Meena and other staff of the bank under sections 420(Cheating), 409(criminal breach of trust by a public servant) and 120-B(Criminal conspiracy) of IPC and also against 13(2) and 13(1)(D) of Prevention of Corruption Act.
While people are queuing up in serpentine queues to withdraw their legitimate money, the major hassle of proliferating cash-crunch in the economy. We are still wondering if one of the major reasons for such dearth of cash in the economy are people like Meena. There have been many recent cases of fraud and misleading instances on the banker’s end who are presently taking shrewd advantage of the demonetisation process and its after-math.
After all, banks find themselves in a supreme position due to immense dependability of public onto it. When there is excessive authority showered on any person/body/association, lacunas which thwart the legitimacy of the process are totally inevitable.
