Hyderabad: The CBI, investigating the postal money exchange scam, has questioned two city businessmen. Owner of Jyothi Computer Services that works for both AP and TS governments Panduranga Reddy and a jeweller from Champapet Srinivas Reddy appeared before the CBI on Tuesday as witnesses.
On Monday, the CBI had conducted searches on the properties of the two businessmen. No cash was recovered. The searches followed a “revelation” made by Mr Narasimha Reddy, mediator for postal services senior superintendent K. Sudheer Babu.
He had said Rs 1 crore in demonetised notes of Mr Panduranga Reddy and Rs 60 lakh worth of such notes of Mr Srinivas Reddy were exchanged with the new currency via the postal route. The two businessmen appeared before the CBI after the agency served notices on them.
The CBI said it found no evidence to the effect that both Mr Panduranga Reddy and Mr Srinivas Reddy had any direct connection with Mr Sudheer Babu.
