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
currency notes, the accused
asked them to arrange for old currency notes and told them to come after
lunch with old currency notes. Therefore ... facto complainant to contact the accused and inform him that old currency
notes could not be arranged. The accused who answered on the receiving
different Banks, converted the unauthorised cash held by them in old currency notes, it was concluded that the said accused 1 to 3 in conspiracy ... converted the unaccounted cash held by them in the form of old currency notes to new 2000 rupees currency notes and thereby committed the offence
different Banks, converted the unauthorised cash held by them in old currency notes, it was concluded that the said accused 1 to 3 in conspiracy ... converted the unaccounted cash held by them in the form of old currency notes to new 2000 rupees currency notes and thereby committed the offence
Reddy
diverted the amount during the demonetisation period and converted the
old currency notes into new currency notes. The allegation against the
petitioner read ... demonization period, he
had managed and arranged to convert the old
currency into the new currency as explained in the
Page
occasion
for the petitioner to accept bribe money in invalid old currency.
Learned counsel has further submitted that the complainant was
having a grievance against
Veerendra and exchanged Rs.5.76 crores of
demonitised old currency notes to the new currency notes
of Rs.500/- and Rs.2,000/- between ... offence. He
further contends that for the purpose of exchanging the
old currency notes of Rs.500/- and Rs.1,000/-, there is no
restriction
involvement of the accused persons in the matter of conversion of Old
Currency into NHD Currency. The said facts were reported to the
learned
crores of currency notes seized
during the raid, they have been able to trace disbursal of
currency notes of about Rs.2 lakhs from ... Banking Regulation, he has successfully
converted huge amount of old currency notes to new
currency notes. That apart, so far, none of the public
servants
petitioner is that he exchanged
around Rs.70,46,000/- of old currency notes by opening 41 bank
accounts and cheated the Government of India
