PNB currency chest fraud: fake notes hidden between real bundles, RBI investigates 17 crore scam

RBI team probing 17 crore PNB currency chest fraud found bundles where 8 of 10 note bundles were counterfeit.

TruthFoundry News Desk

Stands on 6 placed sources from 2 publishers.

As of 2026-09-03 04:52 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

A case of embezzlement of 17 crore rupees occurred at Punjab National Bank's (PNB) currency chest in Saharanpur, India. ^[1] Initial investigation found a bundle of 5 lakh rupees in which 8 of the 10 note bundles (gaddi) were counterfeit notes. ^[2] Police in Saharanpur uncovered a fake currency racket involving the Punjab National Bank where counterfeit notes were stored in the currency chest for several months. ^[3] Police are conducting raids to arrest the accused officials. ^[4] Preliminary investigations suggest that the fake notes were created using photocopied images of new Reserve Bank of India currency prints. ^[5] Authorities are now emphasizing the need for the public to learn how to identify fake currency to prevent fraud. ^[6]

What this stands on

A case of embezzlement of 17 crore rupees occurred at Punjab National Bank's (PNB) currency chest in Saharanpur, India. · Amarujala

Initial investigation found a bundle of 5 lakh rupees in which 8 of the 10 note bundles (gaddi) were counterfeit notes. · Amarujala

Police in Saharanpur uncovered a fake currency racket involving the Punjab National Bank where counterfeit notes were stored in the currency chest for several months. · Amarujala

Police are conducting raids to arrest the accused officials. · Amarujala

Preliminary investigations suggest that the fake notes were created using photocopied images of new Reserve Bank of India currency prints. · Amar Ujala

Authorities are now emphasizing the need for the public to learn how to identify fake currency to prevent fraud. · Amar Ujala

We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.

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