NIA Arrests Key Accused in ₹17.29 Crore Counterfeit Currency Conspiracy at Punjab National Bank, Saharanpur
· India · The Hindu, LiveMint
The National Investigation Agency (NIA) has arrested Amit Kumar, a bank employee and a key accused in a ₹17.29 crore counterfeit currency case linked to the Punjab National Bank’s currency chest in Saharanpur, Uttar Pradesh. The case, initially registered on August 29, 2026, involved the recovery of fake notes from the bank’s vault, with three employees implicated and subsequently suspended. The NIA took over the probe on September 3, 2026, after the Saharanpur police registered the FIR under the Bharatiya Nyaya Sanhita. Investigations are ongoing to identify co-accused and unravel the full conspiracy.
Why it matters
The arrest disrupts financial security in Uttar Pradesh, raising concerns about systemic vulnerabilities in banking infrastructure. Counterfeit currency operations undermine public trust in financial institutions and could impact economic stability in the region.
Read the original report — The Hindu
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