Hyderabad, April 28 -- An ex-head cashier of the State Bank Of India (SBI) and an LIC agent were sentenced to four years of imprisonment in a case pertaining to demonetisation by a trial court Special Judge for CBI Cases, Bangalore.

S. Gopalakrishna, then head cashier at SBI's Dam Road Branch, Hospet,(Karnataka) and K.S. Raghavendra, the LIC Agent, were also fined a total of Rs.3,70,000 in a case related to demonetisation. During and after demonetisation, several instances of malfeasance across the country had come to light. In Hyderabad, a senior Postal department official was also arrested by the CBI for exchanging old currency notes with new ones for a commission instead of giving relief to the public.

The CBI had registered a case o...