Allegations of note printing corruption, CBI action against former Union Finance Secretary Mayaram A to Z Counsel

New Delhi : CBI has filed an FIR against former Union Finance Secretary Arvind Mayaram. The bushing of his residence itself has been taken up. Indian banks are accused of giving undue favor to UK-based De La Rue International company, which supplies special colored security thread for bank notes.

The investigations launched in 2017 are considered a turning point. It is alleged that Secretary Mayaram Yana de la Rue was given extension without the approval of the Finance Minister despite knowing that he was a special Rangacha security thread. The CBI has alleged that the government coffers were damaged due to this.

De la Rue, along with Mayaram, some officials of the Reserve Bank of India (RBI) and the Ministry of Finance, hatched a criminal conspiracy. Due to this, the investigation has prima facie shown undue favors to De La Rue Company, as claimed by the CBI in the FIR. Could not get response from Mayaram.

In 2014, after the NDA government came to power, he was sent from the Ministry of Finance. After retirement, he became an economic advisor to Rajasthan Chief Minister Ashok Gehlot and came forward as a staunch supporter of the old pension scheme. He would have worked as Joint Secretary in the Department of Economic Affairs, Ministry of Finance and in 2012 he would have accepted the post as Secretary. Clashes took place in Delhi and Jaipur on Thursday in connection with the incident.