Chennai: The Bank Fraud Investigation Wing of the Central Crime Branch (CCB) on Saturday nabbed a 44-year-old scammer who conned around two crore rupees by forging RBI's bank approval certificates and running fake banks named Rural and Agricultural Farmer’s Cooperative Bank in major areas of Tamil Nadu.
The police identified the scammer as Chandra Bose, an MBA graduate from London, and have also confiscated 57 lakhs in cash, a luxury car, and some important documents from that fake banks.
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In a press meet held on Tuesday, Chennai City Police Commissioner Shankar Jiwal said that the police have recovered fake websites, passbooks, credit cards, debit cards, jewelry, online money transfer, etc. It was also discovered that more than 10 branches were set up in Thirumangalam, Namakkal, Thiruvannamalai, Virudhachalam, Perambalur, Salem, Kallakurichi, and Erode. Around 3000 bank customers were conned.
The police action comes in the backdrop of an Assistant General Manager of RBI complaining to the Chennai Police Commissioner's office that a gang was cheating farmers and entrepreneurs by running a fake bank, informed the Commissioner.
