Bank fraud: BJP man among 2 held
The Hindu
He is said to be the mastermind behind a loan racket
The Anti Bank Fraud Wing of the police has arrested two persons who were allegedly involved in preparing forged documents on unclaimed properties and obtaining loans by mortgaging them.
According to the police, a housing loan for ₹2.2 crore was obtained in the names of a woman Kiruthika and her husband Vanchinathan from Seerkazhi, Nagapattinam district, from Punjab National Bank, Abiramapuram branch in Chennai in 2020 with the help of Kumar of Velachery by submitting forged documents on a property measuring 1,735 square feet located in Raja Annamalaipuram.
The fraud came to light during auditing, when the bank officials discovered that the documentssubmittedwere fake. The senior manager of the bank preferred a complaint with the police.