Rs 4 lakh fake currency found in cash seized in Rail Neer scam

October 17, 2015 21:33

CBI has recovered fake currency of Rs 4 lakh among Rs 27 crore recovered from Railway caterers during its searches in connection with alleged corruption in the supply of Rail Neer on premium trains.

Sources said during the searches, the agency stumbled upon cash which was so huge that it took 15 hours of counting the currency with the help of three counting machines and five officials of the agency.

They said cash recovery of Rs 20 crore was made from the residence of Shyam Bihari Agrawal, his sons Abhishek Agrawal and Rahul Agarwal who own RK Associates and Brandavan Food Product. Agrawal, who hails from Durg in Chhattisgarh, started as a small time caterer somewhere in 2004 and slowly increased the business taking the turnover of his company to around Rs 500 crore catering in almost all the Shatabdi and Rajdhani trains, the sources said.

They said cash of Rs 1 crore was recovered from the office of his firms while Rs 52 lakh was recovered from the residence of his Chief Executive Officer. The sources said CBI may slap charges of fake currency on Agrawal.

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