📷 Image: Wikimedia Commons / Pulakit Singh
Crime
NIA Arrests PNB Branch Manager in ₹17 Crore Fake Currency Scam
✍️ Livemint
🗓 09 Sep 2026, 03:03 PM
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The National Investigation Agency detained a Punjab National Bank manager after uncovering a counterfeit‑currency operation worth about ₹17 crore.
National Investigation Agency (NIA) detained a senior manager of Punjab National Bank (PNB) following a probe into a counterfeit currency operation valued at approximately ₹17 crore.
The investigation, launched after irregularities were flagged in the bank's cash‑handling records, indicated that the manager allegedly colluded with external parties to introduce forged banknotes into the financial system.
During raids on the manager's residence and office, authorities seized counterfeit notes and related documents, and the suspect is now in custody pending further interrogation.
The case highlights growing concerns over financial fraud and the role of law‑enforcement agencies in safeguarding the integrity of India's banking sector.
The investigation, launched after irregularities were flagged in the bank's cash‑handling records, indicated that the manager allegedly colluded with external parties to introduce forged banknotes into the financial system.
During raids on the manager's residence and office, authorities seized counterfeit notes and related documents, and the suspect is now in custody pending further interrogation.
The case highlights growing concerns over financial fraud and the role of law‑enforcement agencies in safeguarding the integrity of India's banking sector.