Rs. 40 crore transported in open trolley
B. Pradeep
NALGONDA, May 11, 2018 00:00 IST
Only 3 cops escorted the hired vehicle
In an apparent major security lapse and breach of banking procedures, the State Bank of India, the country’s largest bank and its sponsored bank — Andhra Pradesh Grameena Vikas Bank (APGVB) — transported crores of money in an open trolley on Thursday.
Uncovered fresh currency packed in bundles, totalling about Rs. 40 crore were loaded on a hired trolley and was being transported to APGVB, less than a kilometre away, with three constables of the Armed Reserve Police escorting it, according to the police.
In view of the launching of the Rythu Bandhu scheme on Thursday, large quantities of cash was reportedly kept with SBI’s R.P Road main branch at the town’s Clock Tower Centre.
All the five banks selected for distribution of cash in the district were being supplied from SBI’s money chest. According to APGVB branch manager B. Madhu, the bank never had a cash van.
B. Pradeep
NALGONDA, May 11, 2018 00:00 IST
Only 3 cops escorted the hired vehicle
In an apparent major security lapse and breach of banking procedures, the State Bank of India, the country’s largest bank and its sponsored bank — Andhra Pradesh Grameena Vikas Bank (APGVB) — transported crores of money in an open trolley on Thursday.
Uncovered fresh currency packed in bundles, totalling about Rs. 40 crore were loaded on a hired trolley and was being transported to APGVB, less than a kilometre away, with three constables of the Armed Reserve Police escorting it, according to the police.
In view of the launching of the Rythu Bandhu scheme on Thursday, large quantities of cash was reportedly kept with SBI’s R.P Road main branch at the town’s Clock Tower Centre.
All the five banks selected for distribution of cash in the district were being supplied from SBI’s money chest. According to APGVB branch manager B. Madhu, the bank never had a cash van.
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