Train heist: Zero value tag gave Railways limited responsibility

November 19, 2016 12:00 am | Updated April 19, 2017 03:18 pm IST - CHENNAI

: The Office of Principal Director of Audit (PDA), which has raised queries on how Rs. 342.75 crore of soiled currency was marked as ‘zero value consignment,’ has also asked the Southern Railway to list out the steps taken for securely loading/unloading the cash at either end and the persons involved in the process.

Parrying questions on the details of the PDA report, an official said information on when the parcel van was made available to the banks for loading the cash, intimation given to railway officials at the destination (Chennai Egmore) and other safety measures en route were sought from railway authorities.

“It is not that the parcel booking officials were not aware that the consignment contained cash. They knew that it was soiled currency. We understand that at least six hours lapsed between the arrival of the train in Chennai and unloading of cash by RBI officials…the banks had engaged the State police for escorting the parcel van,” an official said.

Though the responsibility of the railways was “very limited” in this cash transfer since the value of the consignment was declared as ‘nil’, some arrangements should have been in place for handling the cash-laden van at Salem and Chennai.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.