Two more RBI officers arrested for allegedly converting black money into white

Two more RBI officers arrested for allegedly converting black money into white

Submitted by Rashmi on Sat, 2016-12-17 18:45 Bengaluru:The CBI police have arrested two more officials from the Reserve Bank of India here for allegedly converting black money into white worth Rs two crore. The arrested have been identified as Sadananda Naika and AK Kevin, both of whom were working at the cash section, it is said.This is the second such incident in which RBI personnel were found to have involved in alleged black money conversion.On December 13, the CBI police had arrested K Michael, Senior Special Assistant, RBI, for allegedly converting Rs 1.51 crore black money into white money. Subsequently, he has been suspended from the service. Till now, the CBI police have arrested three persons from RBI Bengaluru alone.