The education minister of Goa, Mr. Atanasio (Babush) Monserrate has been held for violating rules of Reserve Bank of India and buying as many as 25,000 traveller's checks in just one day.

On April 02, 2011, the minister along with his associate was held at the airport for having Indian as well as foreign currency amounting to Rs 23 lakhs.

He had traveller's checks amounting to Rs 11.25 lakhs, 75,000 dirhams (Rs9.14 lakh) and Rs70,000 cash.

According to RBI norms, no dealer is allowed to sell more than 10,000 traveller's checks to one person in one day.

Also, it has been found that 75000 dirhams had been bought by the minister from an unauthorized jeweller.

“The jeweller, however, denied the allegation saying that he was not an authorised dealer in foreign exchange,” an AIU official said on condition of anonymity.

Also, Monserrate and Naik had travelled to Dubai at least five times in the last one year. “We are investigating the need for so many trips to Dubai and with the same person (Naik),” the customs officials said.