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News Entry# 288981
  
Dec 18 2016 (11:44)  CBI lodges corruption case against Central Railway official over Rs 8L notes ‘exchange’ (timesofindia.indiatimes.com)
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News Entry# 288981     
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Posted by: rdb*^  127055 news posts
MUMBAI: The CBI has registered a case under the Prevention of Corruption Act against K L Bhoyar, assistant commercial manager, Central Railway, Mumbai, for allegedly exchanging scrapped notes totalling Rs 8.2 lakh at booking counters. The agency is yet to make any arrest in the case.
The CBI conducted searches at various places on Saturday, including Bhoyar's home, and recovered Rs 2.2 lakh cash in Rs 100 denomination, fixed deposit documents worth Rs 30 lakh and property papers along with other material. Bhoyar would allegedly walk into the ticket booking offices at Chhatrapati Shivaji Terminus and Kalyan railway station with demonetised notes and exchange these with collected currency in Rs 2,000 and Rs 100 denomination, said a CBI officer.
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CBI is also investigating how Bhoyar came into the demonetised currency. The CBI has booked him under the Section 13 (criminal misconduct by a public servant) of the Prevention of Corruption Act.
This is not the first time that Bhoyar has landed in a controversy. In 2006, too, he was allegedly caught "red-handed" in a bribery case but acquitted due to lack of evidence.
Meanwhile, the CBI has categorically denied any inquiry against senior divisional manager (Mumbai) Alok Badkul, which a section of the media had attributed to the agency. Sources said he had tried to lay a trap for a senior official but he may have himself got entangled in it when the CBI began questioning him.
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