Man held for obtaining loan in fraudulent manner, defaulting to repay 

The Bank Fraud Investigation Wing of Greater Chennai City Police has arrested a man for obtaining loan in a fraudulent manner by producing forged documents and failing to repay. 

According to police, one Rajendra Prasad, branch manager of Indian bank lodged a complaint alleging that C.N.Ramesh joined Velavan Deepak, Saravana Kumar and Pavalabalan and availed business loan of Rs.2.30 crore by submitting forged documents as if they would be launching a BPO firm. They cheated the bank without repaying the loan amount. A case was registered at Bank Fraud Investigation wing in Central Crime Branch based on the complaint from the manager. 

On investigation, police arrested C.N. Ramesh,57 of  Rangareddy Garden, Neelangarai on Tuesday and produced him before the special court for exclusive trial of CCB Cases, Egmore and remanded in judicial custody.

Published - November 28, 2024 12:42 am IST