government servants, and also four persons who were detained in a raid while confiscating new denomination notes amounting to Rs 1.05 core.
Crime Branch registered the offence under sections 409 & 120-B of Indian Penal Code against unknown bank officials, public servants, Yellappa Ingale of Ponda, Farooq Pirzada of Ponda, Siddappa Kappaanavar of Indiranagar-Chimbel and Ramesh Narvekar of Merces. All the accused are directly and indirectly linked with the exchange of huge amount.
Crime Branch officials said, “Illegally exchanging new currency notes in large scale reveals that some bank officials are involved in the racket and there is a well-oiled machinery of agents and sub-agents, including government officials, illegally
holding and dealing in exchange of new currency notes for taking commission from acquaintances for getting their old notes exchanged.”
It may be recalled that Goa Police have seized Rs 1.05 crore in raids conducted on December 6 and 7. On Tuesday evening Crime Branch had confiscated Rs 35 lakh in new denomination notes of Rs 2000 whereas Porvorim Police had seized Rs 70 lakh on December 7. Both seizures have been combined by Police and an offence registered at Crime Branch.
Crime Branch had not made any arrests so. A Crime Branch officer said that the accused detained are not cooperating with the investigating agency.
Police Inspector Dattaguru Sawant is investigating the case. Sawant refused to comment stating the case is in a preliminary stage of investigation.
