private person to take currency
from the Currency Chest directly is not only violation of RBI Regulation
in maintenance of currency chest, it is also ... bank officials to remove huge currency from the Currency Chest by
falsifying the account and replacing the old currency in the place of new
currency
Sanjay Goyal as
blank security cheque in consideration for exchanging the old currency in the
period of demonetization. He does not know how the cheque ... Sanjay Goel as blank security cheque in consideration for exchanging the old
currency in the period of demonetization. He has not taken any loan from
earn huge
profit by converting black money in the form of old currency
4
notes into new currency notes. In this conspiracy, the said ... Bank
Manager Ashish asked accused Raj Kumar to deposit old
currency notes in Cannaught Place branch of Kotak Mahindra
Bank. It is also revealed that
demonetization and the people were in queue to exchange
2
those old currency notes for new ones. As the seizure of
currency notes ... currency, which were seized by the Income
Tax Authorities are nothing but the currency received in
lieu of exchange of old currency notes (demonetized
currency
attract any criminal charges for holding old notes in
huge denominations. These sections permit unlimited deposit of old
currency in the bank account and there ... various individuals recorded under Section 50 confirm that money in old
currency pertained to the petitioner and the conspiracy was executed on his
instructions
said lorry. He was
carrying a nylon bag containing old currency notes which was illegal, after
declaration of demonetization by the Government of India ... Mondal stated before the
complainant party that the said bag contained old currency notes of different
denominations which were declared to be void by Government
currency notes for the purpose of
exchanging at 20% extra with old currency notes
and in order to get 20% extra, old currency notes ... currency notes of Rs.2000 in lieu of
old currency notes of Rs.500 and
1000, along with additional amount
at 20% extra
further deposed that Srinivas approached him for
exchange of old currency notes after demonetization in the last
week of November 2016 and he agreed ... said amount. Accordingly, Srinivas handed over
Rs.10,00,000/- old currency notes.
11. He has further deposed that in the meantime in the
second
received information that some people were trying to exchange
the old currency notes/demonetization while Government of India had
prohibited for exchange of those notes ... talked together with the C.W.1
and gave him old currency notes of the face value of Rs.500 and
Rs.1000 notes worth
notebandi (demonetization) was in
operation and in order to encash the old currency notes, Pramod
had gone there. He further deposed that Nandram was their ... time notebandi
was in operation and in order to encash the old currency notes, he
had gone there, that Nandram was in their relation
