The Hindu : Tamil Nadu / Chennai News : Bank manager, field officer held

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Sunday, Mar 23, 2008
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Tamil Nadu

Tamil Nadu - Chennai

Bank manager, field officer held

Staff Reporter

CHENNAI: Close on the heels of the arrest of a government employee on Thursday on charges of cheating two banks, the Central Crime Branch police arrested a manager and a field officer of one of the banks in this connection on Friday.

Based on a complaint from the chief manager of the bank, the police had arrested Radha (54), an employee of the Tamil Nadu Agricultural Engineering Department, Madhuranthakam. She had allegedly submitted fake salary certificates and obtained loans to the extent of Rs. 62 lakh.

After a scrutiny of the documents furnished to the bank, the police questioned M.Arjunan (54), who was then the manager of the branch and the then field officer R.Srinivasan (52). According to the police, the two bank officials had disbursed the loans to the accused.

Based on the confessions of the two officials, the police found that the documents such as salary certificate were not verified and the passport size photographs affixed in the personal loan applications were fake. Cases were registered. The two bank officials were produced before a city court which remanded them to judicial custody.

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