#StateBankOfMysore #Rbi #ReserveBankOfIndia #CurrencyExchangeRacket
Now, Reserve Bank of India, India's central banking institution that controls the monetary policies of Indian Rupee gets a blemish of currency exchange racket too.
Today, a RBI officer has been nabbed by cops who was helping some black money hoarder exchange banned currency to the tune of one crore fifty one lacs into new banknotes for commission. This incident comes as a big blot on RBI that controls the banking system in India.
AFTER OTHER BANK OFFICERS' ARREST, NOW RBI OFFICER GETS NICKED TOO...
Now, Reserve Bank of India, India's central banking institution that controls the monetary policies of Indian Rupee gets a blemish of currency exchange racket too.
Today, a RBI officer has been nabbed by cops who was helping some black money hoarder exchange banned currency to the tune of one crore fifty one lacs into new banknotes for commission. This incident comes as a big blot on RBI that controls the banking system in India.
We have already heard about I-T and CBI raids being conducted on various other banks across India for such corrupt practices and now this shocking news surfacing about RBI officers K. Michael getting arrested in similar crime at Bengluru. Three people have been rounded in this matter till now. The said RBI officer is believed to be playing the main role in scrapped money conversion.
It seems there is no institution left that has not its share of corruption in India. Once can safely imagine how deep rooted corruption in india is.
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