Four arrested in Chennai for ₹2.50 crore fraud

City police have arrested four people from Andhra Pradesh for trying to cheat private banks out of ₹2.50 crore. They used fake salary documents to apply for personal loans while pretending to be high-paid software engineers. The arrests follow a complaint from Divyan Kumar, a bank manager in Aminjikarai. He reported that the suspects submitted forged salary slips to take out loans. Investigators from the Central Crime Branch discovered that eight people were involved in the scam. This group included two employees from consultancy firms that helped distribute loans. The police found that the individuals who were arrested had created fake documentation to appear as if they earned large salaries. They were actually daily wage workers from Chittoor and had taken out loans amounting to ₹2.47 crore before leaving their rented home in Chennai without repaying. The investigation revealed that the two consultants, Venkatesh and Harsha, assisted in the fraud by preparing the fake documents. The IT company mentioned in the documents does not exist at the location claimed. Authorities are still searching for four other individuals linked to the case, including Venkatesh and Harsha.