Chennai man arrested for forging RBI permission letter to run bank

  • | Wednesday | 9th November, 2022

Chennai, Nov 9 (PTI) The city police have arrested a person for forging RBI permission certificate for running a bank in different parts of the state.Fake passbooks, deposit forms, debit and credit cards among others were found in his possession, a police release said.The man identified as Chandrabose, operated the Rural and Agriculture Farmers" Cooperative Bank (RAFC) in 9 cities including here and Erode. Action against him was taken based on a complaint from the Reserve Bank of India (RBI).The arrested man even procured credit cards of another bank and pasted his "bank"s" sticker on them to be given to customers, police said.There was no permission from RBI for Chandrabose to run the bank and he had forged a permission letter, they said."He has some idea of banking.. had prepared passbooks, deposit slips..." City Police Commissioner Shankar Jiwal said.A luxury car was recovered from him while Rs 56.65 lakh money held in the fake bank"s deposit has been attached. PTI SA ROH ROH

If You Like This Story, Support NYOOOZ



Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.

Stay updated with all the Chennai Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles