A special court in Bengaluru has sentenced a former employee of erstwhile State Bank of Mysore (now merged with SBI) to seven years of imprisonment for illegal exchange of demonetised currency notes in November 2016, officials said here on Tuesday.
The court also slapped a fine of over Rs 2.19 crore on B Dinesh, the then head cashier of the bank, they said.
"The Special Judge, CBI cases, Bangalore has sentenced B Dinesh, the then head cashier of the State Bank of Mysore at its Periyapatna branch in Mysore district, to undergo seven years rigorous imprisonment with fine of Rs 2,19,35,000," CBI Spokesperson RC Joshi said.
The CBI had filed an FIR against Dinesh for fraudulently exchanging demonetised currency notes of Rs 1,000 and Rs 500 with valid banknotes to the tune of over Rs 2.18 crore during the period from November 10-23, 2016, in violation of restrictions imposed by the central government on November 8, 2016.
"It was further alleged that B Dinesh had altered the actual denominations and figures written on the deposit slips submitted by the genuine customers for crediting the said amount to their respective accounts," Joshi said.
Prime Minister Narendra Modi had announced demonetisation of Rs 1,000 and Rs 500 notes on November 8, 2016. The move was coupled with the rationing of new currency notes to be issued by a bank to a person and other accountability measures on people depositing old notes.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Banned Currency Notes With Face Value Rs 47 Lakh Seized In Madhya Pradesh Delhi Men Caught With Rs 64 Lakh In Old Notes, Bought Using New Currency Rs 2,000 Currency Notes See Drastic Fall In Circulation Since Last 3 Years Parents Gave Names Of Interns, Doctors To CBI In Kolkata Horror: Sources Who Is Jasveen Sangha, "Ketamine Queen" Charged With Matthew Perry's Death How Extreme Weather Is Leading To Rise In Child Marriages In Pakistan Blinken Heading To Israel To Press Gaza Truce 'INDIA' Is with You Against "Injustice": Rahul Gandhi To Arvind Kejriwal "Strong Indications" Bangladesh Security Forces Used "Unnecessary" Force: UN Track Latest News Live on NDTV.com and get news updates from India and around the world.