CBI arrests Indian Postal Service (IPoS) officer K Sudheer Babu over fraudulent cash exchange transactions.
He was produced before the court, which sent him to judicial custody till December 23. He allegedly involved in fraudulently exchanging new currency notes amounting to nearly Rs 3 crore. He allegedly handed over new currency notes of Rs 2,000 denomination and value of Rs 2.95 crore to the middlemen for a commission.
Nitin and Narasimha Reddy are other two who acted as middlemen, were also arrested and produced before the court. They too were sent to judicial remand.