Insta
Tamil Nadu Police Bust Fake SBI Branch In Cuddalore District; Three Including The Son Of Ex-Bank Employee Arrested
Swarajya Staff
Jul 12, 2020, 01:15 PM | Updated 01:15 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The Tamil Nadu Police yesterday (12 July) busted a fake State Bank of India (SBI) branch operating in the State's Cuddalore district, reports Financial Express.
Not only has the branch has now been closed, but the Police has also arrested three people in the matter, one of whom is a son of a former SBI employee who is now deceased. The son is believed to have become well-versed with the operations of the bank during his various visits over the years.
Police have also shared that so far no customer has reported any loss of money through the said branch.
The three arrested in the matter have been identified as Kamal Babu (19), A Kumar (42), and M Manickam (52). They had mirrored the infrastructure of the official branches of SBI, with lockers, technological hardware and other documents.
Prime accused, Babu is said to have applied for his father's job after the death of the latter. However, his application was delayed. In his submission to the Police though, Babu has asserted that his intention was never to cheat people but he only wanted to open a bank for himself.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.