Mumbai: Railway officer suspended for swapping Rs 100, 50 notes with Rs 500, 1000

Updated: Nov 11, 2016, 14:50 IST | mid-day online correspondent

Deepak Kumar, the deputy station manager of Grant Road station, apparently pocketed Rs 100 and Rs 50 notes worth Rs 1.65 lakh, out of the Rs 4.59 lakh that was deposited with him in his booking counter and replacing them with Rs 1000 and Rs 500 notes

Mumbai: Railway officer suspended for swapping Rs 100, 50 notes with Rs 500, 1000

Deepak Kumar, the deputy station manager of Grant Road station, apparently pocketed Rs 100 and Rs 50 notes worth Rs 1.65 lakh, out of the Rs 4.59 lakh that was deposited with him in his booking counter and replacing them with Rs 1000 and Rs 500 notes. According to a report by Mumbai Mirror, this was following Prime Minister Narendra Modi's announcement on November 8, that Rs 1000 and Rs 500 would be demonetised.

1,585 notes of Rs 100 denomination and 230 notes of Rs 50 denomination, were entrusted to Kumar. He was also specifically instructed to keep the lower-denomination notes ready for the next day’s transaction by the chief booking supervisor of Grant Road station, Anil Udeshi.

However, after pocketing the notes, Kumar had replaced them with Rs 500 and Rs 1,000 notes, while keeping the total amount unchanged. This came to light next morning after the station manager on duty checked the notes, he found only 35 100-rupee notes and 30 50-rupee notes.

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