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Mystery of shredded currency notes on national highway cracked

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Express News Service

Posted: Feb 16, 2010 at 0257 hrs IST

Krishnagar The mystery surrounding the shredded currency notes found strewn on the national highway in West Bengal’s Nadia district has been resolved, officials said today.

Defective notes, which had been shredded as part of RBI’s Clean Note Policy and were being transported to Patna in Bihar for recycling, had got strewn on the way yesterday, district magistrate Onkar Singh Meena said.

The shredded notes were packed in 1,500 sacks in Kolkata and were loaded in three vehicles by the vendor for their onward journey to Patna, Meena said. The machine-cut notes of the denomination of Rs 1000, Rs 500 and Rs 100 with RBI seal were found scattered on a three km stretch of the national highway between Kalirhat to Gobindapur areas in the district yesterday.

Apparently, the sheet covering the sacks in one of the vehicles was torn, leading to the notes being scattered, the DM said. Police had also recovered 14 sacks of shredded currency notes weighing 50 kg each lying on the road, Meena said. The vendor’s office in Patna has confirmed the non-receipt of 14 sacks of the shredded currency, the DM said. Quoting the RBI, he said action would be taken against the vendor. An RBI officer would be arriving here today to inspect the torn currency notes. Usually damaged or defective currency is destroyed in a shredder as part of the RBI’s Clean Note Policy before being released to the board or pulp industry for recycling, he said.

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