Three arrested for ₹2.5 crore bank loan fraud

thehindu.com [$]

Three individuals were arrested in Eluru for allegedly defrauding a bank of ₹2.5 crore through a fraudulent loan. The accused, including a former bank credit officer and two loan brokers, submitted fake Aadhaar, PAN, and property documents to AU Small Finance Bank Limited to secure the loan. The arrests followed a complaint by the bank's zonal manager, and police are pursuing other potential accomplices.


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Three arrested for ₹2.5 crore bank loan fraud | News Minimalist