The Bank Fraud Investigation Wing of the Tiruvannamalai Central Crime Branch has arrested the manager of Central Cooperative Bank’s Tiruvannamalai branch and two accomplices for defrauding the bank of Rs2.88 crore by pledging fake jewellery.
The arrested individuals have been identified as:
K. Vijayalakshmi (51) – Bank manager, resident of Inam Kariyandal village
S. Gopinathan (48) – Bank’s gold appraiser, resident of Sanakuppam village near Ambur
B. Elumalai (45) – Agent, resident of Aradapattu village
Police said the accused colluded to submit forged jewellery as collateral, thereby securing loans from the Tiruvannamalai town branch of Central Cooperative Bank (CCB). The investigation is ongoing to determine the full extent of the fraud and whether others were involved.
