The Bank Fraud Investigation Wing of the Central Crime Branch (CCB) has arrested a couple, Kamalakannan and his wife Nagomi, for allegedly defrauding South Indian Bank by securing business loans through forged income tax returns (ITRs) and falsified bank statements.
Yujin Venus, manager of the South Indian Bank branch in Valasaravakkam, filed a complaint with the Greater Chennai City Police Commissioner stating that the couple submitted forged documents, including bank statements from another bank and ITRs for three consecutive financial years, to obtain the loans.
According to the complaint, Kamalakannan and Nagomi failed to repay the loans, causing a financial loss of Rs60.76 lakh to the bank. The CCB launched an investigation and arrested the couple on charges of fraud and forgery.
