CBI recovers Rs 65 lakh from postal official in Hyderabad

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It may be mentioned here that Sudheer Babu had surrendered before the CBI officials on Thursday.

The CBI said, in a press release, that Mr. Sudheer Babu, working as Senior Superintendent of Post offices (SSPO), Hyderabad City Division, has abused his official position and dishonestly and fraudulently misappropriated funds, which were under his custody meant for distribution to various post offices in the city for being exchanged with the old notes available with the common people.

The first two cases were registered against Sudheer Babu and others in similar frauds committed at Himayathnagar and the Golconda post offices. Prior to the registration of the fourth case, CBI sleuths grilled Sudheer Babu about the commission amount he received for exchanging Rs 3.75 crore demonetised cash.

Apart from three cases already registered, CBI tagged a fresh case against him on Saturday. "So far, the CBI has seized Rs 92.68 lakh in Rs 2,000 denomination notes in these cases", they said.

The cash, all in new notes of Rs 2,000, was seized on Friday during raids in Ibrahimpatnam in Ranga Reddy district. The premier Central investigation agency arrested four accused in the scam.

The raids came a day after a special court in Hyderabad sent K Sudheer Babu, senior superintendent of a post office in Hyderabad, who fraudently exchanged new Rs2,000 notes for old currency without any valid identification proof, to judicial custody.