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V14 2011 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 14, Number 17, April 24, 2011, Article 20

TERMITES EAT MILLIONS OF INDIAN RUPEES IN BANK

Loren Gatch forwarded this article, noting, " I canít find a better argument for switching to polymer notes than this..." -Editor

It was an all you can eat buffet at the bank.

An army of termites munched through 10 million rupees ($222,000) in currency notes stored in a steel chest at a bank, police in northern India said Friday.

The bank manager discovered the damage when he opened the reinforced room in an old bank building on Wednesday, police officer Navneet Rana told The Associated Press.

"It's a matter of investigation how termites attacked bundles of currency notes stacked in a steel chest," he said. The money was put in the chest in January.

The termites had damaged bank furniture and documents in the past.

The police have registered a case of negligence against bank officials in Barabanki, a town 20 miles (30 kilometers) southwest of Lucknow, the Uttar Pradesh state capital.

To read the complete article, see: Termites eat millions of Indian rupees in bank (news.yahoo.com/s/ap/as_india_termites)

Wayne Homren, Editor

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