SBI manager, accountant suspended in fake currency scam

August 28th, 2008 - 8:23 pm ICT by IANS  

Lucknow, Aug 28 (IANS) The manager and an accountant of the State Bank of India (SBI) Domariyaganj branch in eastern Uttar Pradesh have been suspended in connection with the fake currency scam, an official said Thursday.”Branch manager Dashrath Cirgainya and accountant Ashok Kumar Sagar have been placed under suspension for dereliction of duty,” chief general manager of SBI (Lucknow circle) Shiva Kumar told IANS.

“Had they been serious in their work, such a scam could not have taken place,” he added.

A Reserve Bank of India (RBI) team has already completed the scan of a currency chest at the Domariyaganj branch of SBI and found fake currency notes with a nominal value of Rs.30 million, bank officials said.

Sudhakar Tripathi, the cashier of SBI’s Domariyaganj branch, was arrested July 29 and during interrogation confessed to exchanging fake currency notes with a nominal value of Rs.15 million with original ones from the bank’s currency chest, the officials said.

About Rs.7 million were found in Tripathi’s house during a police raid.

Meanwhile, after the SBI Domariyaganj branch, fake currency notes have also been found in a branch of the Allahabad Bank in Bahraich district of Uttar Pradesh, the police said.

“The bank officials Wednesday night registered a police complaint that 25 fake notes of Rs 500 denomination were found in the currency chest,” Bahraich Superintendent of Police Piyush Modak told IANS.

Inquiry has already been started in this case, he added.

Bahraich is over 270 kms from here.

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