What is the story about?
A shocking case has come up from the Punjab National Bank (PNB) currency chest in Saharanpur, Uttar Pradesh where genuine currency worth around Rs 7.4
crore was allegedly taken out of the vault and replaced with fake notes. Police have registered an FIR against bank officials and private individuals in connection with the alleged fraud. A Special Investigation Team (SIT) has also been formed to find out how the cash was replaced and who was involved, as reported by The Times of India. The FIR was registered at Sadar police station following a complaint by PNB nodal officer Arun Kumar Chaubey naming senior divisional manager Ravi Kumar and currency chest managers Sushil Sharma and Amit Kumar as the primary suspects.
Cash remittance brings case in notice:
The incident was noticed by the bank after a cash remittance sent by the bank to the Reserve Bank of India (RBI) on August 10 was found to have a shortage of Rs 4.36 lakh leading to a detailed audit of the bank's cash holdings.
Officials allegedly found a large quantity of counterfeit notes inside the currency chest.
The audit pointed to genuine currency worth around Rs 7.4 crore allegedly being replaced with fake notes. The final amount of counterfeit currency is still being counted and verified, PNB chief deputy manager Nisha Singh said, according to TOI.
