SBI fake currency scam: termination of inspector stayed

September 14th, 2008 - 3:34 pm ICT by IANS  

Lucknow, Sep 14 (IANS) The Allahabad High Court has stayed the termination of service of police inspector Samsher Bahadur Singh, in whose account a transaction of Rs.1.4 million had taken place soon after the fake currency scam in the State Bank of India’s (SBI) Domariyaganj branch came to light in Uttar Pradesh.The fake currency scam came to light when the Special Task Force (STF) of the Uttar Pradesh police arrested the cashier of the SBI bank branch, Sudhakar Tripathi July 29.

Following sustained interrogations, a Reserve Bank of India (RBI) team found fake currency with a nominal worth of Rs.30 million in the currency chest of the SBI branch.

An STF team, along with a local police team of which Singh was part, also raided Tripathi’s house and Rs.700,000 were recovered.

“However, notes with denominational values below Rs.100 went missing and a transaction of Rs.1.4 million took place in Singh’s account soon after the raid,” A.K. Mishra, superintendent of police, Special Investigation Team, told IANS.

Singh approached the court soon after his termination, which was stayed Saturday.

“We have received the court orders and are taking necessary action,” additional superintendent of police, Siddharth Nagar, Rakesh Shanker, told IANS.

Meanwhile, the RBI vigilance team Saturday visited the SBI’s Domariyaganj branch and collected vital documents in connection with the fake currency scam.

“A team led by the deputy general manager vigilance reached Domariyaganj and besides collecting some vital documents, the team also questioned some employees of the bank,” a source informed.

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