₹11 crore worth of coins went missing from SBI vault in Rajasthan.

Apr 19, 2022 1044 am

SBI has once again found itself in the soup with coins with ₹ 11 crore went missing from the vaults of its branch in Mehandipur Balaji in Rajasthan.

State Bank of India (SBI) had approached the Rajasthan High Court seeking a CBI probe into the matter as the missing amount was higher than Rs 3 crore, the threshold for seeking a probe by the agency.

Siting discrepancy in cash reserve the branch started counting the cash. A Jaipiur-based private vendor was roped in to carry out the counting of coins worth over Rs 13 crore, according to branch account books.

The counting revealed that over Rs 11 crore worth of coins were missing from the branch.

Only 3,000 coin bags carrying about Rs 2 crore could be accounted for and were transferred to the RBI's coin holding branch.

It is also alleged that the employees of the private vendor who was doing the counting were threatened in the night on August 10, 2021 at the guesthouse where they were staying and were asked to refrain from the counting, the FIR has alleged.