The Central Crime Branch arrested four people from Andhra Pradesh for defrauding bank of Rs 2.47 crore using fabricated documents to avail personal loans

CHENNAI: The Central Crime Branch (CCB) of Chennai City Police has arrested four individuals from Andhra Pradesh for their involvement in a bank fraud case. The accused allegedly defrauded HDFC Bank of Rs 2.47 crore by submitting fabricated documents to secure personal loans.
The arrests were made following a complaint filed by Dhiviyan Kumar, a member of the Credit Intelligence & Control Unit at HDFC Bank’s Aminjikarai branch.
Fraudulent scheme
The accused, identified as C. Ekambaram, Kesava Gangaraju, and S. Krishnamoorthy, falsely posed as software engineers employed at ‘Avance Consulting Service Pvt Ltd’. To obtain loans, they submitted forged salary documents, which were created by their accomplice, Kumar, in exchange for a commission. Using these fake documents, the gang secured personal loans amounting to Rs 1.04 crore.
Further investigation by the CCB’s Bank Fraud Investigation Wing revealed that the accused had followed the same method to fraudulently obtain loans from multiple financial institutions. This resulted in a total fraudulent amount of Rs 2.47 crore. The funds were then transferred to several unknown individuals, making it difficult to trace the money trail.
Arrests and legal action
The CCB team arrested the four suspects on Thursday and produced them before the court on Friday. The accused were then remanded to judicial custody. The arrested persons have been identified as Kumar (29), Ekambaram (27), Kesava Gangaraju (25), Krishnamoorthy (24). All four suspects hail from Andhra Pradesh.
Police investigation continues
The Commissioner of Police, A Arun, commended the Bank Fraud Investigation Wing for their swift action in solving the case and arresting the suspects. Law enforcement officials have been praised for their meticulous investigation, which led to the capture of the fraudsters involved in this major bank scam.
The CCB is continuing its investigation to track the diverted funds and identify any additional accomplices involved in the fraudulent scheme.