The record
Written from the 1 report below. Nothing here is unsourced.
- A Bengaluru security and cash management company is being investigated by Cubbon Park Police for depositing counterfeit ₹500 notes at SBI's Main Branch on St. Mark's Road.
- The bank detected 10 fake notes in a ₹1.5 crore deposit on July 8 and nine more in a ₹1.42 crore deposit the next day, totalling 19 counterfeit notes.
- The bank's chief manager filed a complaint, and police registered a case under Section 178 of the Bharatiya Nyaya Sanhita, 2023.
- Investigators are trying to find the source of the fake currency and whether it was deliberately circulated through the banking system.
What to watch next
- Findings of the police probe into the source of the counterfeit notes
- Whether any individual or accomplice is named or arrested
- Any action against the cash management company or its banking relationship
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1 report
English national1
All filed from India
Named India · State Bank of India · City-based security and cash management company · Cubbon Park police · D. Sreenivasulu
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