The Vigilance and Anti-Corruption Bureau (VACB) special cell in Ernakulam has registered a case against three officials of the Muvattupuzha KSRTC depot for allegedly exchanging demonetised notes using the KSRTC bank account.

The FIR, registered under Section 13(1) and 13(2) of the Prevention of Corruption Act, has arraigned Manjula Iype, cash superintendent, Sulfith A.T., junior assistant, and Suhara P.I., junior assistant, also office-bearers of the KSRTC Employees Cooperative Society.

As per the case, the accused allegedly exchanged the daily collection from the Muvattupuzha depot for demonetised denominations kept with the society and deposited the same with the SBT, Muvattupuzha Branch.

A quick verification (QV) by the VACB had found that 1,180 currency notes of ₹500 denomination and 682 notes of ₹1,000 denomination were additionally remitted to the bank.

The QV followed an allegation that the accused laundered around ₹19,40,500.

The case follows a direction in this regard by the Muvattupuzha vigilance court.