‘Missing’ Rs 1.19 crore old notes of Sasaram bank branch found

Patna,(BiharTimes): In what was initially reported as a defalcation of Rs 1.19 crore of scrapped Rs 1,000 notes from the main branch of the Madhya Bihar Gramin Bank in Sasaram turned out to be a mistake committed by its employees in mentioning the correct number of notes while depositing the bundles in the chest uf Reserve Bank of India.

The regional manager of the MBGB, Ravindra Nath Trivedi, was quoted in the media as saying in fact, the bank officials had put 48,000 bundles of Rs 1,000 old notes, that is Rs 4.80 crore, in the box, but while sealing the box they wrote just 36,000 bundles.

Reports from Sasaram said the local RBI gave a receiving certificate of Rs 3.60 crore only, without verifying the amount. Thus, Rs 1.20 crore was found missing.

Trivedi, who had lodged an FIR on January 28, now , said departmental proceedings would continue against the five bank employees, including branch manager, for their negligence which gave the bank a bad name.

The ‘defalcated’ amount was found at RBI’s currency chest, which is at the State Bank of India's main branch in Sasaram.







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