The Bank Fraud Wing of the Central Crime Branch on Monday arrested a 51-year-old man who forged documents to borrow large sums of money from banks.

CCB officials said the suspect Kumararaj, a resident of SRB Nagar in Kolathur, had mortgaged a fake title deed and obtained a loan of Rs. 53 lakh from Nungambakkam branch of Development Credit Bank in 2008.

When he failed to repay the loan amount, the bank authorities verified the documents and discovered the fraud. Following this, R. Prakash, a representative of the branch, lodged a complaint with office of the Commissioner of Police here in July.

The compliant was taken up by the Bank Fraud Wing for investigation. Officials from the Wing arrested Kumararaj near the Egmore Railway Station on Monday noon. When questioned, he admitted to have produced fake documents for the loan from the bank.

The suspect had fraudulently obtained loans from various other banks too and absconded, sources added.

He was remanded in custody and sent to Puzhal prison.

Three arrested

Three persons including an elderly woman were arrested by CCB on charges of usurping a 2,500 sq. ft-plot of land in Palavakkam on East Coast Road using a forged power of attorney document.

Police sources said Chandrasekar (43) of Kottivakkam, an AIADMK functionary, sold the land belonging to one Thiyagarajan by making a forged document. The owner of the land was Thiygarajan’s mother Muthulakshmi but Chandrasekar‘s accomplice Rani (64), also from Kottivakkam, impersonated her.

Following a complaint lodged by Thiyagarajan, a CCB team on Monday arrested Chandrasekar, Rani and their aide Adikesavan (50) of Kottivakkam, sources added.

The 51-year-old produced forged documents and obtained a loan of Rs. 53 lakh from a bank based in Nungambakkam

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