No, RBI Dy Director Didn’t Steal Cash in Shoes! It’s a False Claim

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A post with four videos was shared by a user named Arunanshu Chaudhuri on 3 October with the claim that the Deputy Director of Reserve Bank of India’s (RBI) currency printing unit had been arrested by Central Industrial Security Force (CISF) for stealing cash.

The claim along with video reads, “Dy Director of RBI currency printing unit was stealing cash daily in his shoes. He was caught red handed by CISF shift personnel.
₹10000 crores were recovered from his home.”

A screenshot of the Facebook post.

An archived version of the post can be viewed here.

The videos along with the same claim are viral on Facebook and on Twitter.

The screenshot of the viral videos.
The screenshot of the viral videos on Twitter.

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The videos are indeed real but the claim is misleading. Firstly, the incident happened in early 2018 and doesn’t show the deputy director of RBI.

The officer who was arrested by the CISF for stealing money in his shoes is Mohan Verma, deputy control officer of notes verification section in Bank Note Press (BNP), Dewas, Madhya Pradesh.

BNP prints high-quality notes of different denominations. Established in 1974, the press became a unit of Security Printing and Minting Corporation of India Ltd (SPMCIL) during corporatisation in 2006.

When the incident had happened, the RBI had cleared that the BNP is not under the control of the central bank.


On conducting a reverse search, we came across an article published in Outlook on 25 January 2018 with the title, “Officer Steals Rs 90 Lakh From Currency Printing Press By Stuffing Note Bundles In His Sneakers Daily”.

The article mentioned that the man in the video was the Deputy Control Officer of Notes Verification Section in Bank Note Press (BNP). He was arrested for stealing money in his shoes.

The RBI had released statement in 2018 clarifying that they have no official in BNP and it is a unit of the Security Printing and Minting Corporation of India Ltd (SPMCIL). It also clarified that SPMCIL does not come under their jurisdiction.

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