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Tuesday, January 31, 2023

Daring con job: Man opens own bank in Tamil Nadu, cheats over 3,000 people

Chennai: In a shocking development reported from Tamil Nadu, a man opened his own bank and cheated thousands of people. The accused opened three thousand bank accounts across the state. The accused named the bank as Rural and Agricultural Farmer’s Cooperative Bank.
The accused has been identified as Chandrabose, a resident of Thousand Lights in Chennai. He was arrested on Saturday by Central Crime Branch’s (CCB) Bank Fraud Investigation Wing.

According to police, the accused was operating the bank from Chennai’s Ambattur area.

“The probe into the fake bank was started following an alert from Reserve Bank of India. The RBI’s AGM had also filed a complaint in this regard,” Chennai City Police Commissioner Shankar Jiwal told reporters on Tuesday.

During the course of investigation, police found out that the bank had fake RBI certificates. Deposit, withdrawal slips and counting machines have also been seized by the cops.

“This fake bank dealt in services which a regular bank provides. The bank also gave loans and collected deposits,” said an officer from Bank Fraud Investigation Wing.

To open an account, a customer was required to pay Rs 700 membership fee following which the customer was given debit/credit card.
Police said the fake bank had formed societies after which it got debit and credit cards from ICICI Bank. The fake bank then pasted its stickers on the cards and gave it to customers.

Note: The information given here is based on religious belief and public belief. There cannot be any scientific evidence for this. Keeping in mind the general interest and knowledge, it is being presented here.

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