Cashier suspended over exchange of notes

The central government had announced November 24 as the last day for exchanging the notes of higher denominations at the banks. But a cashier at the State Bank of Mysore, Kollegala had exchanged the old notes of gold merchant with the new notes on Thursday night.

The cashier is identified as Parashivamurthy. He received the old notes of Rs 500 and Rs 1,000 from Venugopal, a gold merchant. Bank officials have started inquiry.

Public have been waiting in long queues to get their notes exchanged with all required documents whereas Venugopal got his notes exchanged late night. It has given rise to doubts whether a cashier can alone get the notes worth crore exchanged with the new notes. Those who were behind this crime will be known only after investigation.

It is alleged that the cashier had charged Rs 30 lakh per crore to exchange the notes. The incident was captured on the CCTV. Parashivamurthy has been suspended and the investigation is on.

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