NIA Arrests PNB Manager in ₹17.29 Crore Fake Notes Probe
What Happened
The National Investigation Agency (NIA) has arrested a Punjab National Bank (PNB) currency chest manager as it investigates the discovery of ₹17.29 crore in suspected counterfeit currency at a PNB currency chest in Saharanpur, Uttar Pradesh. Investigators are examining how fake notes entered the banking system and whether some may have already circulated through bank branches and ATMs.
Key Takeaways
The case is unusual because the counterfeit notes were allegedly found inside a bank currency chest rather than during a border seizure or raid. The NIA is probing a wider conspiracy, including a possible Nepal connection, while tracing whether fake currency penetrated the formal banking network.