The Central Crime Branch (CCB) of Chennai City Police has arrested four individuals from Andhra Pradesh for their alleged involvement in a Rs 2.47 crore bank fraud case targeting HDFC Bank. The accused reportedly submitted fabricated documents to fraudulently secure personal loans.
The arrests followed a complaint lodged by Dhiviyan Kumar, a member of the Credit Intelligence & Control Unit at HDFC Bank’s Aminjikarai branch.
The accused — identified as C. Ekambaram (27), Kesava Gangaraju (25), S. Krishnamoorthy (24), and Kumar (29) — posed as software engineers employed by ‘Avance Consulting Service Pvt Ltd’. To obtain loans, they submitted forged salary slips created by Kumar, who reportedly took a commission for fabricating these documents.
Using these fake credentials, the gang secured personal loans totaling Rs 1.04 crore. Further investigation revealed similar fraudulent loan approvals from multiple financial institutions, raising the scam’s total value to Rs 2.47 crore. The funds were transferred to unknown accounts, complicating efforts to trace the money.
The CCB’s Bank Fraud Investigation Wing arrested all four suspects on Thursday and produced them before a court on Friday, where they were remanded to judicial custody.
Commissioner of Police A Arun praised the swift and meticulous work of the Bank Fraud Investigation Wing in cracking the case.
The investigation is ongoing, with authorities working to track the diverted funds and uncover any further accomplices involved in the scam.
