No arrests have been made in the case, sources said.
"They exchanged new currencies which was meant for public. They diverted it... They have taken up Rs 36 lakh roughly and replaced it with old currencies and showed that it has been exchanged," they said.
The case has been registered against senior superintendent Sudheer Babu and two other employees Raviteja and Revati.
Investigation is on to find out other aspects, including any beneficiaries, the sources added.
Disclaimer: No Business Standard Journalist was involved in creation of this content