CBI files cases against former finance secy Arvind Mayaram, others

Agency searches multiple premises of the former bureaucrat in the alleged currency printing corruption case

The Central Bureau of Investigation (CBI) has filed a first information report against former finance secretary Arvind Mayaram for alleged irregularities in a currency printing case. He was then the secretary in the Department of Economic Affairs (DEA).

The federal agency, following the case, conducted searches on Thursday at multiple premises belonging to Mayaram in Delhi and Jaipur. 

The CBI alleged that Mayaram, in 2013, had given an “illegal extension” to UK-based firm De La Rue International for supplying exclusive colour shift (security thread) for Indian bank notes for a period of five years. It alleged that the undue favour Mayaram provided