Rs 7.4 crore real notes replaced with fake currency at PNB vault in UP
Authorities in Saharanpur, Uttar Pradesh, are investigating the replacement of Rs 7.4 crore in real currency with fake notes at a Punjab National Bank vault. A Special Investigation Team has been formed to identify the individuals responsible for the embezzlement.
Why it matters
This significant financial fraud highlights vulnerabilities in bank security protocols and the integrity of currency management systems.
SAHARANPUR: Real currency notes worth Rs 7.4 crore were replaced with fake ones at a Punjab National Bank (PNB) money vault in Saharanpur, Uttar Pradesh.Police have registered an FIR against bank officials and private individuals, and a Special Investigation Team (SIT) has been formed to probe the improbable heist.The case was registered at Sadar police station based on a complaint filed by PNB nodal officer Arun Kumar Chaubey. The FIR names senior divisional manager Ravi Kumar, currency chest managers Sushil Sharma and Amit Kumar as primary suspects.In a parallel development, a separate report was filed against a housekeeper, Vishal Kumar, regarding a “distinct cash shortfall” at the bank.According to PNB chief deputy manager Nisha Singh, the fraud began unravelling when a cash remittance dispatched to the Reserve Bank of India (RBI) on Aug 10 revealed a shortage of ₹4.36 lakh.
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