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4 bank officials helped Karnataka's casino owner who hid Rs 5.7 crore in secret bathroom safe, says CBI FIR

Author: PTI
Publication: The Times of India
Date: December 13, 2016
URL:   http://timesofindia.indiatimes.com/india/4-bank-officials-helped-karnatakas-casino-owner-who-hid-rs-5-7-crore-in-secret-bathroom-safe-says-cbi-fir/articleshow/55963432.cms

JDS leader and casino owner KC Veerendra, who was arrested after recovery of Rs 5.70 crore of new currency from a secret chamber in his bathroom+ , was helped by as many as four bank officials besides two middlemen.

On December 10, the Income Tax department had seized 5.70 crore in new notes, 32kg of gold biscuits and jewellery and Rs 90 lakh worth old notes stashed inside the bathroom tiles of Veerendra in the far-flung town of Challakere in Karnataka.

"We have arrested KC Veerendra. He was arrested in Hubballi on December 10 and brought to Bengaluru the following day and produced before the CBI court. He is in our custody for six days," a top CBI official said on Tuesday.

Besides Veerendra, midddlemen Thipeswamy and Venkatesh, residents of Chitradurga districts of Karnataka, and unknown officials of four banks State Bank of India, State Bank of Mysore, ICICI Bank and Kotak Mahindra have also been named in the FIR in this case.

The bank officials in a criminal conspiracy with Veerendra exchanged Rs 5.76 crore of demonetised notes+ with the new currency of Rs 2000 and Rs 500 denomination during November and Decemeber 2016, the CBI FIR alleged.

The FIR alleged that the agency received a source information that officials of SBI, SBM, ICICI, Kotak Mahindra and other banks in and around Challekere in Chitradurga district had entered into criminal conspiracy with Veerendra, Thipeswamy and Venkatesh and other middlemen to "dishonestly and fraudulently" facilitate exchange of Rs 5.76 crore of old currency notes which ceased to be legal tender on November 8.

It was alleged that the bank officials falsified the accounts of their bank on the basis of forged and fabricated documents of identity and address proof in the names of several individuals to misrepresent that the new currency notes have been exchanged with the general public through the bank counters and and ATMs of the banks.
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