NEWS & ADVICE : PERSONAL LOAN
Man caught for committing bank fraud
By Joseph Samson
Print    Email    RSS   

The Chennai police finally caught and arrested M. Srinivasan (43) of Thiruvalluvar Colony, Anna Nagar West in connection to the bank fraud cases registered against him.

His partners in crime had been arrested sometime ago but he had been absconding since a very long time. The police finally caught him last week.

According to the police, the accused forged documents to get loans from public sector banks. He had managed to get around 27 loans of approximately Rs 5 crore, from various banks including the Punjab National Bank, Allahabad Bank, Vijya Bank Repco Bank and State Bank of India.

The loans were taken for the pharmaceutical company, owned by him, in Anna Nagar and Ambattur Industrial Estate.

Earlier on the basis of the complaints from the managers of Syndicate bank, Indian Bank, Central Bank of India and Indian Overseas Bank, the Central Crime Branch Police (Bank Fraud Wing) had registered a case against Srinivasan for forging property documents to get loans.


(Comments Posted : 1) Post Your Comments
1. If possible, Please provide the list of all the partners of Mr M Srinivasan involved in the fraud. It would be better if you provide full names of these persons.
P Siva Prasad (Posted: Jul 8, 2008)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A chronicle of excesses by loan recovery...
12 point conduct checklist for bank and...
An Insight into Lending Rate Changes
J&K Bank raises PLR
Pros and Cons of Personal loans


My personal Loan application no- 53269935 accepted...
MY SBI A/C NO-20051942567 AND I FOUND WRITTEN A WORD...
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive