Imphal, March 11, 2010: Fake foreign currency notes of US Dollar detected issued in the State Bank of India (SBI) Imphal Branch, the authorized dealer for foreign exchange business in the state.

The authority of the SBI Imphal branch, MG Avenue presumed some parties did the faking taking advantage of the fact that the operating staffs of the branch do not have the requisite expert or mechanism to detect a fake foreign currency note.

Imphal city police registered a case following a complaint lodged by the Assistant General Manager, SBI, Imphal Branch, MG Avenue through the Singjamei police station on last Monday.

Assistant General Manager, Mishir Ali Ahmad lodged the complaint after a through inquiry into the alleged charge of issuance of fake US Dollar currencies in $100 denominations which have reportedly either been seized or declared �fake� by the foreign banks authority in different places aboard.

Some customers lodged the complaint during the month of July and August last year, 2009, regarding the issuance of fake US Dollar by submitting the currency notes declared as fake in their possessions claiming refund of the exchange value.

Incidentally, US Dollar issued/sold by the bank on various date during the month of July and August 2009 were accepted or purchased from some customers in exchange of equivalent Indian Rupees valued based on the exchange rate applicable on the date of the respective transaction.

The customers who exchanged DS Dollar might have submit the fake foreign currency notes taking advantage of the fact that the operating staffs of the bank do not have the requite expert or mechanism to detect a fake currency note, the assistant manager observed in his complaint note.

In a bid to find out those customers, the bank authority has prepared a list of customers, who exchanged $100 denominations from the bank during the period from January to August, 2009. From the list prepared by them, they observed that on 21/07/2009 one N Prangthoching of SINBA office, Irong of Manipur (holder of passport no.F 0834575) had exchanged $1000 (all in $100 denominations) could be the person who exchanged or purchase Indian currency with the US dollar from bank.

The particulars (distinctive number) signed by him in the relative sales/purchase application are similar to those of the fake currencies as complained by the customers, the bank inquiry found out, it said.

City police taken up a case under FIR no.15(3) 2010 under section 484A/489-A/489-B IPC of City Police Station, official source said.

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