Termites Eat Through 'Millions' Worth of Cash in India

Money can't buy you love and it can't grow on trees. But it can be eaten.

That's what happened in Uttar Pradesh, India after termites ate their way through "millions" of Indian rupees at a bank. And now the manager of the bank has been found guilty of "laxity."

The BBC reports:

The insects are believed to have chewed their way through notes worth some 10 million rupees ($225,000/£137,000).

A similar incident happened in 2008, when termites in Bihar state ate a trader's savings stored in his bank.

The State Bank of India says an enquiry into the latest incident has been held.

Replaced

"The branch management has been found guilty of laxity due to which the notes were damaged by termites in the Fatehpur branch of Barabanki district," State Bank of India Chief General Manager Abhay Singh told the Press Trust of India.

"Action will be taken against those responsible in the matter.

"As it was the bank's fault, it will bear the loss caused due to termites... there will be no loss to the public."

"Action will be taken against those responsible in the matter." Really? Wouldn't that be the termites?

Not so, says Singh: "It was earlier brought to the notice of the management that termites were damaging files and furniture. Efforts are on to relocate the bank at some other place."

Would this be the time to say, I guess the bank was lax-tose intolerant?