Report Fraudulent Note Exchanges by Bankers anonymously here

It was reported yesterday that two of the Government officials whose houses were raided by IT department revealed that more than Rs 4 crores of new currencies were held by them. Obviously this has been converted from the black money holdings with the help of some dishonest Bank managers.

Similarly, in Delhi an Axis Bank branch was found to have converted over Rs 40 crores to black money owners.

In the process, genuine persons continued to suffer in the ques and political opponents of Mr Modi continued to blame him for all the ills.

We are aware that during the last 3 weeks, many bankers have worked hard to meet the goals with no extra reward by a sense of duty to serve the nation. It is only some bad apples here and there who actually tarnish the image of all the Bankers.

As an ex-Banker, I therefore wish that we need to ensure that dishonest Bank officers/Managers donot collude with black currency holders by reporting such incidents to the IT department.

I am confident that in every branch where such a fraud has taken place, there will be at least one honest person who has witnessed the fraud and is today carrying the tag of a dishonest Bank employee.

Such honest bank officials, whether they are officers, clerks or messengers can now turn whistleblowers of such incidents. Many of them may like to remain remain anonymous for obvious reasons.

To assist such persons, would offer to act as an “Ombudsman” to receive such information, anonymize the identity of the person and inform the relevant IT officers/PMO to take suitable action.

Any person wishing to send such information may send the details to naavi through e-mail as mentioned at 

If we are able to bring out at least a few such frauds, it will be a tribute that we can pay to the persons who are allegedly lost their life waiting in the que to withdraw their money.

Please spread this word widely.


Addendum: On 16th December 2016, Government has made a formal appeal to the public to inform them on any blackmoney issue at the e-mail :


16th Dec, 2016

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About Vijayashankar Na

Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance
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1 Response to Report Fraudulent Note Exchanges by Bankers anonymously here

  1. Thriyambaka says:

    Good move to intervene …and take up the matter with IT Authorities…

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