The Saidapet police arrested two bank employees, Prasad (25) and Divakar (32), in connection with a massive Rs90 lakh gold fraud at the Catholic Syrian Bank in Guindy. The police are currently searching for the main accused, branch manager Saminathan, who has been absconding since the scam came to light.
Sulaiman, a customer of the bank, had entrusted the branch manager and his staff with pledging his 162 sovereigns of gold. However, investigations revealed that Saminathan, along with his colleagues, forged signatures of inactive account holders and used the pledged gold to fraudulently secure loans.
Prasad and Divakar were caught after police action was initiated on Sulaiman’s complaint. Saminathan remains at large, with authorities intensifying their search for him and other possible accomplices.
This case has rocked the local banking community and raised concerns over internal security measures in private banks.
