HYDERABAD: CBI officials, who are investigating the cases of
irregularities that took place in post offices after demonetisation of
high-value currency, have taken prime accused K Sudheer Babu, former
postal officer, into five-day custody for questioning following court
orders.
Sudheer Babu, an Indian Postal Service officer of the 2011 batch, was
working as senior superintendent of post offices, Hyderabad City
Division, colluded with some individuals to help them exchange
demonetised currency notes.
Sudheer Babu allegedly had links with law student Nithin and businessman
Narasimha Reddy. Some businessmen also benefited from him by getting
huge cash in 2000-rupee denomination notes.
CBI registered cases in connection with the fraud detected at the Himayatnagar, Golconda and Karwan Sahu sub post offices.
