Bank sacks 4 -HDFC Bank sacksmanager n 3 employees for unauthorised exchange of demonetised currency notes

TT, Chandigarh, Dec. 3 (PTI): A branch manager and three other employees of HDFC Bank in Chandigarh have been sacked for alleged unauthorised exchange of demonetised currency notes, the bank said in a statement today.

"Services of the employees, posted with the Sector 15 branch here, were terminated immediately after it was discovered they were allegedly favouring a person known to one of them by exchanging his demonetised currency notes," it said. The bank said "an isolated" incident of "unauthorised" currency exchange came to its notice after its systems detected an inconsistency.

In Bathinda, Punjab, a manager and a cashier of a public sector bank were arrested yesterday for allegedly charging money to exchange demonetised currency notes.

Parveen Kumar, a resident of Rama Mandi here, had lodged a police complaint saying the bank manager, Manish Bharti, and cashier, Gaurav Garg, gave him Rs 80,000 in new currency notes in exchange for Rs 1 lakh in demonetised bank notes, they said.

"A case under Section 420 (cheating) of IPC has been registered," Bathinda DSP Gurjit Romana said.

At Karnal in Haryana, four persons were arrested on charges of selling gold at a premium in demonetised currency notes, police said today. The police, on a tip-off, sent a decoy customer to fix a deal with the accused to buy 1kg of gold using the scrapped notes. "The deal was finalised at Rs 38,000 per 10gm, against the current market rate of Rs 29,000 per 10gm," Karnal police Criminal Investigation Agency in-charge Azad Singh said.