Punjab National Bank Saharanpur Vault Fraud: ₹7.4 Crore In Real Currency Replaced With Fake Notes
Saharanpur : A cash vault fraud has come to light from Uttar Pradesh's Sharanpur. Currency notes worh Rs 7.4 crore were reportedly replaced with counterfeit ones at a Punjab National Bank (PNB) money vault. An FIR has been registered against bank officials and private individuals, while a Special Investigation Team (SIT) has been formed to investigate how the alleged substitution took place.…
A cash vault fraud has emerged in Saharanpur, Uttar Pradesh, involving Punjab National Bank (PNB) where Rs 7.4 crore worth of real currency was allegedly swapped for counterfeit notes. The incident occurred at a PNB branch's cash vault during an audit, sparking widespread alarm. Officials and private individuals have been named as suspects in the case, with a Special Investigation Team (SIT) now probing the suspicious transaction.
The fraud came to light after a cash remittance to the Reserve Bank of India (RBI) on August 10 was found to be short by Rs 4.36 lakh. The discrepancy prompted a thorough examination of the vault, during which a significant quantity of fake currency was discovered. PNB and Indian Army have partnered to offer specific credit cards to military personnel amid the ongoing investigation.
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