Pune banned notes case: CBI searches 32 places

After registering an FIR against the officials of a Muslim co-operative bank for alleged fraudulent practices to exchange demonetised notes, the Central Bureau of Investigation (CBI) on Thursday conducted searches at 32 places in Pune city, Baramati and Lonavala.

The teams seized some documents, which according to CBI officials are incriminating. Among the 32 locations searched by the teams, 17 are branches of the co-operative bank and residential premises of the persons named in the FIR registered recently.

According to the CBI officials, the nine officials of the bank and others named in the FIR are accused of conspiring in exchanging banned notes worth Rs 40 lakh with of Rs 100 and Rs 50 notes.