5 Banks in Allahabad found guilty of fake currency
By Neelima Shankar
Oct 16, 2008
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The Reserve Bank of India has again recovered fake currency notes from the branches of five banks in Allahabad.

The banks where the receipt of counterfeit notes has been reported are Union Bank of India, Canara Bank, Allahabad Bank, State Bank of Patiala and State Bank of Bikaner and Jaipur.

An FIR has been lodged regarding this matter following a compliant by RBI.

R K Singh, Inspector in Allahabad said, "We received a written complaint sent to us by post by the RBI yesterday wherein it had been alleged that more than Rs 28,000 in fake currency have been received from five banks in the recent past. The letter also made a request for an FIR being lodged in this connection, following which we have registered a case."

The inspector however told that further investigations would only be possible after obtaining more details. A sub-inspector has also been directed to look into the matter clearly.

In a dramatic raid, Dariapur police has nabbed a notorious gangster Pravin Sathwara who allegedly injected fake currency of Rs 15 lakh into Gujarat. In January 2008, Dariapur police station had nabbed 13 accused in connection with fake currency racket and seized Rs 51,000 fake currency from them, but mastermind Pravin Sathwara had fled at that time.

The accused was arrested from his residence in the Gota Housing Board in the early hours on Saturday.

Earlier also RBI has recovered fake notes from branches of State Bank of India and Oriental Bank of Commerce.




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