Demonetisation Round Up
- Authorities seize over Rs 100 crore from 44 bank accounts in New Delhi.
- Government launches DigiShala, a TV channel, and a website, Cashless India, to educate people about demonetisation.
- A girl committed suicide when she was unable to withdraw money for her college fees.
- Supreme Court questioned the Central government on the rationale behind introducing demonetisation.
- Both Rajya Sabha and Lok Sabha were adjourned till Wednesday amid chaos over demonetisation
NIA Convicts Two People For Smuggling High Quality Indian Currency Notes
NIA Special Court on Friday convicted two persons for their involvement in smuggling and circulation of High Quality Indian Currency Notes. The quantum of punishment is likely to be pronounced by the NIA Special Court on 14 December 2016.
Amount as High as Rs 76 Lakh Found in Raids
Police arrested four people in Surat, Gujarat, and recovered Rs 76 lakh from them in new currency notes. Investigations are currently underway.
In a separate incident in Haryana, another Rs 10 lakh were seized in new currency notes. The search operations began on Thursday night in Gurugram.
Indian Railways, Buses and Metros to No Longer Accept Old Rs 500 Notes
Indian Railways, metro counters and government bus ticketing counters will no longer accept old notes of Rs 500 starting midnight on 9 December.
Additionally, the CBI arrested K Sudheer Babu, an officer of the Indian Postal Service (IPoS) over alleged fraudulent cash exchange, reportedly.
Over Rs 100 Crore Found in 44 Bank Accounts in Delhi
Over Rs 100 crore was found in 44 bank accounts that didn’t follow KYC (Know Your Customer) norms at the Chandni Chowk branch of Axis Bank.
A sum of over Rs 450 crore has been deposited into different accounts of the branch since 8 November. Authorities are currently questioning bank officials.