Chennai: 6 held for cheating bank with fake documents for loan

DECCAN CHRONICLE.
Published Feb 8, 2019, 1:39 am IST
Updated Feb 8, 2019, 1:39 am IST
The couple had said that Thenmozhi, Kuppuswamy’s sister, owned the house and that she was a partner in the business.
After several payments were in default, the loan collection department of the bank went to Uthukottai, in Thiruvallur district to ask for the payments.  (Representational Image)
 After several payments were in default, the loan collection department of the bank went to Uthukottai, in Thiruvallur district to ask for the payments. (Representational Image)

Chennai: Six people were arrested for fraud after they produced fake documents and cheated a private bank of  Rs 1 crore. Kuppuswamy of Mittanamelli near Avadi and his wife Mallika had borrowed Rs 1 crore in 2017 for starting a business. Their house in Uthukottai was given as collateral during the transaction. The couple had said that Thenmozhi, Kuppuswamy’s sister, owned the house and that she was a partner in the business.  

After several payments were in default, the loan collection department of the bank went to Uthukottai, in Thiruvallur district to ask for the payments. They then found out that the person who had come to the bank as Thenmozhi was not the person who owned the house and the person who had come to the bank was untraceable.

 

 A complaint was filed by the bank to the Central Crime Branch, Anti-Bank Fraud Wing, who registered a case and arrested  the trio.  On probing the trio said the documents were prepared by their friends S Mohan Kumar, A Muralidharan, and S Sreenivasan. All three have been arrested and probe is on.

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