FIR Against Manager; Fake Note Trouble Bankers and More.....

FIR against SBI manager for depositing fake notes

STAFF WRITER 13:48 HRS IST

Mainpuri, Sep 16 (PTI) The Reserve Bank of India has lodged an FIR against the branch manager of a nationalised bank for allegedly depositing fake Indian currency notes with it.

According to the FIR filed yesterday by manager of Reserve Bank of India (Kanpur Head Office) Anil Bajar, the Manager of State Bank of India, Bhongaon branch in Mainpuri, Inradeo Chturvedi had deposited fake notes in RBI on May 18, 2009, police said today.

Six notes with the face value of Rs 100 each were allegedly found fake by RBI on scanning and were sent to Nasik branch for testing.

The Nasik branch confirmed that they were fake, police said, adding following which an FIR was lodged.

"We are investigating the matter and culprits will be nabbed soon," Superintendent of Police, D K Rai said. 

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Fake notes test bankers

Rakshita Adyanthaya
First Published : 16 Sep 2009 06:52:17 AM IST
Last Updated : 16 Sep 2009 08:03:13 AM IST

BANGALORE: Banks continue to fall prey to fake currencies which are being pushed into the system.

Investigating officers said that the thread in the freshly printed fake currency notes are no longer hazy; the watermarks, the Ashoka Pillar, Mahatma Gandhi’s image, the denomination and the RBI mark are more prominent.

Some fake notes are photocopied which can be detected, but not the printed ones. The cashier of a bank is on the firing line.

A cashier of a nationalised bank at Chickpet said, The cash deposited by customers, come with bundles of various denominations. Some counting machine stop when it suspects a currency, but many a times it also rejects it later. It is very difficult for one to verify each note. In the September 14 story featured by Express, the complainants had received the currencies with 6EF series.

However, after the seizure of 345 counterfeit notes of Rs 1,000 denomination in the series of 2AQ and 8AC, bearing the signature of former RBI governor Dr Y V Reddy by the Anti-Terrorist Squad (ATS) of Mumbai, the RBI had alerted every bank to be cautious of the series, but not to avoid collecting the notes.

Premdas, a retired bank manager said, The RBI alerts keep coming banks, alerting us on a series which is breached. But, it is impossible to check the series while depositing cash. After the RBI released a number of series which had been counterfeited, many banks allegedly refused to take even the original currencies which bore those series.

Hence, on September 14, RBI sent a memorandum stating "RBI considers it necessary to emphasise that all government/semi-government offices, public/private sector institutions and also any other organisation/ establishment/ individual accepting cash should desist from such practices. Banks are now in a fix and many officers who do not want to get into the legalities are trying to solve the cases unofficially. An officer said, When a customer approaches us with one or two currencies of lower denomination, we just refund from our own pockets, and later burn the currency.

m.rakshita@epmltd.com
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Four teens among six held with fake notes

STAFF WRITER 19:4 HRS IST

Gwalior, Sep 16 (PTI) Madhya Pradesh Police have busted a gang involved in the circulation of fake currency notes here by arresting six persons, including four teenagers from Rajasthan, police said today.

Two persons were arrested here while the four teens rounded up in Dholpur district of Rajasthan, police said, adding fake currency with the face value of Rs two lakh was also recovered from their possession.

Acting on a tip off that fake notes were being circulated in Murar market here, police picked up one Ajit Jain and seized some counterfeit currency from him. After Jain, one Ajmer Singh was apprehended and 12 fake notes in Rs 500 denomination were seized from him, they said.

Singh told police that he used to bring counterfeit notes from village Gata in Dholpur.
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