The investigation revealed how post offices of Hyderabad became the illegal exchange points of demonetised currency. Sleuths of Central Bureau of Instigation on November 24 conducted surprise checks at eight post offices in Hyderabad on the suspicion of malpractices to short circuit demonetisation move. The incident came to light only after the CBI raided the post offices on November 24. "There are over 70 post offices located in the city. The actual amount of scam could be into crores of rupees as they are still scanning several other transactions made at different post offices.

Source: India Today December 02, 2016 15:11 UTC