They said most of the funds that have come from BCCI have been deposited in these " bogus" accounts and subsequently withdrawn using bearer cheques
Prudence should be exercised while making payments against cheques, and especially against bearer cheques
, the circular said.
The new currency will co-circulate together with the family of bearer cheques
According to the Central Bank, money is in short supply because "cash barons" are holding onto large sums of Z$200,000 bearer cheques
for illegal and speculative activities.
The report stated she illegally issued bearer cheques
of about ` 75 lakh to her contractor husband for supplying construction material under the Mahatma Gandhi National Rural Employment Guarantee Scheme ( MNREGS).