Bharatimes
National

Man Detained For Running Fake Bank In Chennai

Man Detained For Running Fake Bank In Chennai (Photo/indianexpress)

Man Detained For Running Fake Bank In Chennai (Photo/indianexpress)

A 44-year-old man was detained by the Central Crime Branch (CCB) of the Greater Chennai Police on Saturday of last week for operating a fictitious bank in Chennai and other locations in Tamil Nadu, the police announced on Tuesday.

After receiving a report from the assistant general manager of the Reserve Bank of India, the police took action. The culprit, identified as Chandrabose by the police, allegedly cheated numerous people by operating a fictitious bank called the Rural and Agricultural Farmer’s Cooperative Bank in nine locations throughout Tamil Nadu.
The defendants claimed that the bank was an RBI-authorized organisation while collecting unauthorised deposits from the general public ranging from Rs 2 lakh to Rs 7 lakh.
According to the authorities, Chandrabose had created phoney bank documents, debit cards, forms, etc. Additionally, he provided loan, fixed deposit, and recurring deposit services. The interest rates on the loans, however, were greater than those set by the RBI.
However, atthe bank’s headquarters at VGN Brent Park, Ambattur, the police searched and found incriminating papers as well as a high-end vehicle. Chandrabose was taken into prison by authorities on November 5 and later released. According to the police, they have taken back Rs 56.6 lakh from the offenders.

Related posts

Obeying the heart at traffic signals

Mahima Sharma

Satyendra Jain receiving VIP treatment in Jail is being viral, post video release BJP attacked AAP

Mahima Sharma

After Shah and Nadda, now Tarun Chugh visits party worker’s house in Hyd

Mahima Sharma

TS secures 1st place in Swachh Survekshan Grameen rankings

Mahima Sharma

FEMA Act: ED quiz TRS MLA Manchireddy Kishan Reddy

Mahima Sharma

BMRCL first Metro to introduce end-to end ticketing on WhatsApp

Mahima Sharma