The Central Crime Branch (CCB) officials arrested a gang of three individuals for allegedly creating fake property documents to secure loans amounting to Rs2.3 crore from the State Bank of India between October 2022 and July 2023. The arrests followed a complaint lodged by Dorai Raj T.G., the assistant general manager of SBI, Bengaluru Central.
The accused individuals, identified as Shivanna, Syed Hashim, and Ranganath, face charges of cheating and forgery. According to police reports, another suspect, Acchukuttan, applied for a loan to purchase a site belonging to Shivanna, located in Mallathahalli. After the bank verified the documents, a loan of Rs1.16 crore was sanctioned. However, Acchukuttan defaulted on the repayment after making only the initial three installments, prompting further investigation by the authorities.