The Bank Fraud Investigation Wing of Greater Chennai Police on Monday arrested four persons for cheating by obtaining a business loan by submitting forged documents at City Union Bank. They were arrested following a complaint lodged by Vijayaganesh, bank manager, City Union Bank. The manager alleged that Vishnu Sharma, Samath bhai Sharma and four others are a joint family and they run Kamadhenu jewellery shop at Avadi. They obtained a business loan of ₹7 crore by submitting forged property documents and obtained it. Thereby they cheated the bank without repaying the loan amount. The investigation revealed that they obtained a loan by pledging the property of 3,474 sq.ft of vacant…
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Source: https://www.thehindu.com/news/cities/chennai/four-held-for-bank-fraud/article67969499.ece/amp/