Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 453 Sat. September 03, 2005  
   
National


Forged notes flood Tangail
Bank installs checking machine


Large scale circulation of forged 500 and 100 taka notes in Tangail district has created panic among the people and worried bankers as well.

Such notes are detected in large numbers in banks every day.

Often, quarrel takes place in urban and rural areas as people decline to accept 500 and 100 taka notes, fearing those could be forged.

Sources in different banks said they get 4 to 5 forged 500 and100 taka notes in a bundle of the currencies brought to banks for deposit every day. This is a great problem, they said.

The Manager of Sonali Bank's Tantagil district Sadar branch said 18 forged 500 taka notes were identified from bundles brought by depositors on August 28.

Identification machines have been installed at Sonali Bank's head office branch Zila Sadar branch to check forged notes. These notes are now being transacted at the two branches after checking with machines, he said.

Some bank officials said it is impossible for people to identify forged notes. "We feel embarrassed when forged notes are found in bundles (0f notes) given by VIP depositors in the counter", an official said seeking anonymity. Checking with machines also slows transaction, he added.

According to police sources, some organised gangs are involved in circulating forged notes through their agents.

They said they are trying to nab the main culprits behind the crime.