<p>The CBI arrested K C Veerendra, a JD(S) leader from Challakere near Chitradurga, in connection with the huge pile of Rs 2,000 notes found in his possession. <br /><br /></p>.<p>The FIR includes several officials of Kotak Mahindra Bank, ICICI Bank, State Bank of India and State Bank of Mysore.<br /><br />On Saturday, officials from the Income Tax (I-T) department conducted raids on 15 premises, including Veerendra’s house in Challakere and a casino owned by him in Goa.<br />The taxmen seized Rs 5.7 crore in Rs 2,000 notes, besides Rs 90 lakh in Rs 100 and Rs 20 denominations in Hubballi district and in Challakere.<br /><br />A source said Veerendra colluded with some bank officials and middlemen to exchange the demonetised currency with Rs 2,000 notes.<br /><br />Reports from Hubballi say that I-T officials interrogated Veerendra, Samundar Singh of Sagar Finance Company and owners of three casinos in Goa.<br /><br />On Sunday night, Veerendra was asked about the source of money. Singh and the casino owners were interrogated on Monday.<br /><br />Veerendra, a former chairman of Primary Land Development Bank, was running a chit fund business and also used to lend money before diversifying into a casino and other ventures. His name had figured in cricket betting too.<br /><br /></p>
<p>The CBI arrested K C Veerendra, a JD(S) leader from Challakere near Chitradurga, in connection with the huge pile of Rs 2,000 notes found in his possession. <br /><br /></p>.<p>The FIR includes several officials of Kotak Mahindra Bank, ICICI Bank, State Bank of India and State Bank of Mysore.<br /><br />On Saturday, officials from the Income Tax (I-T) department conducted raids on 15 premises, including Veerendra’s house in Challakere and a casino owned by him in Goa.<br />The taxmen seized Rs 5.7 crore in Rs 2,000 notes, besides Rs 90 lakh in Rs 100 and Rs 20 denominations in Hubballi district and in Challakere.<br /><br />A source said Veerendra colluded with some bank officials and middlemen to exchange the demonetised currency with Rs 2,000 notes.<br /><br />Reports from Hubballi say that I-T officials interrogated Veerendra, Samundar Singh of Sagar Finance Company and owners of three casinos in Goa.<br /><br />On Sunday night, Veerendra was asked about the source of money. Singh and the casino owners were interrogated on Monday.<br /><br />Veerendra, a former chairman of Primary Land Development Bank, was running a chit fund business and also used to lend money before diversifying into a casino and other ventures. His name had figured in cricket betting too.<br /><br /></p>
