Jalagaon (Maharashtra) , Mar.2 : Doubting an alleged involvement in illegal exchange of demonetised currency, the Central Bureau of Investigation (CBI) on Thursday conducted raids on office and residence premises of top officers of Jalgaon district Central Cooperative Bank.
The CBI officials searched the premises belonging to Managing Director Jitendra Deshmukh, Branch Manager D.B. Patil and Cashier Ravi Shankar Gujrati.
The bank officials allegedly converted demonetised currency of worth Rs. 73 lakh on November 9, 2016, a day after Prime Minister Narendra Modi announced his historical decision of rendering Rs. 500 and 1,000 note as illegal.
Searches are still going on.
Further details are awaited.