₹7.40 Crore Fake Currency Discovered in PNB Currency Chest Audit: Case Filed Against Manager Amit Kumar and Officials

• by Akanksha Mishra
• 2026-08-31 17:24:00

A massive banking scandal has come to light involving the Punjab National Bank (PNB), where fake currency notes totaling an astounding ₹7.40 crore were discovered during a routine currency chest audit in Saharanpur, Uttar Pradesh. The shocking financial discrepancy has triggered immediate police action, resulting in criminal cases and high-level suspensions.

Saharanpur Currency Chest Audit Uncovers ₹7.40 Crore in Counterfeit Notes

The startling discovery was made during an official audit of a PNB currency chest in Saharanpur. Currency chests function as vital regional nodes where cash deposits from various commercial bank branches are pooled before being transferred to the Reserve Bank of India (RBI).

During the rigorous auditing process, inspectors uncovered a massive stockpile of counterfeit currency amounting to ₹7.40 crore. Because banking protocols trace cash handling back through specific supervisory tenures, authorities quickly zeroed in on the officers who managed the chest during the period when the fake notes accumulated.

Criminal Cases Filed and Suspensions Issued Against PNB Officials

Following the preliminary findings, the Saharanpur police registered an official criminal case against multiple high-ranking bank officials. Nisha Singh, Senior Manager of the PNB Saharanpur Divisional Office, confirmed the immediate suspension of three key individuals:

Amit Kumar: Former Saharanpur currency chest manager, currently posted as chest manager at the Kheda Bazaar PNB branch in Jagadhri, Haryana.

Ravi Kumar: Senior Manager of the PNB Divisional Office in Saharanpur.

Sushil Sharma: Currency Chest Manager in Saharanpur.

Ripple Effects and Investigation Reach Haryana's Jagadhri Branch

The fallout from the Saharanpur scam has sent shockwaves through the PNB Jagadhri branch, where Amit Kumar was recently transferred roughly a month ago. Sources indicate that internal investigations and subsequent audits may expand to scrutinize local branch operations as well.

As local authorities and specialized cyber-crime units delve deeper into the network behind the counterfeit injection, bank officials have maintained a guarded silence. Meanwhile, district LDM (Lead District Manager) Subhash Chandra stated that official details regarding the local branch implications would be clarified upon reviewing formal departmental reports, while attempts to reach the accused manager, Amit Kumar, remained unsuccessful as his mobile phone was switched off.

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