Truck transporting cash for RBI breaks down in TN

A truck carrying a huge amount of cash for the Reserve Bank of India was stranded overnight here after developing a technical fault, keeping several officials on their toes, police said today.
One of the two container trucks, which were on its way to Thiruvananthapuram from Mysore en route Tamil Nadu, broke down due to a technical fault off Aravakurichi near here last night. After one truck halted, another vehicle also stopped on the highway to Kerala.
"The trucks were transporting RBI money to Thiruvananthapuram from Mysore. They have all the documents and everything was pucca (okay)," a police official said.

"One of the two trucks broke down. Some spare parts were requisitioned from Madurai and the repair was set right and the trucks have resumed their journey today," he told PTI.
Asked about the quantum of cash that was being transported, he declined to answer stating, "we do not know, an RBI officer is accompanying the trucks alongwith CISF security".
The official said the trucks were proceeding with appropriate security, complete with armed CISF guards, pilot and escort vehicles.

On May 14, two days ahead of the assembly election, three trucks carrying Rs 570 crore were intercepted by poll officials in Tirupur district of Tamil Nadu.

SBI had said the money belonged to it and the money was transported from Coimbatore to Visakhapatnam.
RBI later told the Madras High Court in a petition moved by activist 'Traffic' Ramaswamy that it was a routine fund transfer under currency management function.
Last month, the Court asked CBI to file a report on a complaint filed by DMK MP TKS Elangovan who sought a probe by the Central agency into the transfer of Rs 570 crore.
"The claims of officials of nationalised banks are on the basis of fake, forged letters, and forged permission from the RBI. They have conspired together, committed an act of forgery, falsification of records besides have abused their positions and power to create movement of "hawala money" and therefore have committed an offence punishable under Prevention of Corruption Act," Elangovan had alleged in his petition.