A special court (CBI) in Bengaluru has sentenced B. Dinesh, then head cashier in Periyapatna branch of State Bank of Mysore (now merged with SBI) in Mysore district of Karnataka to undergo seven years rigorous imprisonment.

Also the court imposed fine of Rs. 2,19,35,000 on finding him guilty.

The CBI registered a case against B. Dinesh on allegations of fraudulently exchanged demonetized currency with legal valid tender that is new currency notes to tune of Rs. 2,18,46,300/- during the period from 10.11.2016 to 23.11.2016.

The exchange of demonetized currently notes with new currency notes was in violation of the Government of India notification dated 08.11.2016.

It was further alleged the head cashier altered the actual denominations/figures written on the deposit slips submitted by the genuine customers for crediting the said amount to their respective accounts.

After investigation, CBI filed charge sheet on 30.11.2017 against him.