Two held for cheating, forgery

Staff Reporter

CHENNAI: Two men who allegedly created fake documents for a plot of land belonging to a senior citizen and defaulted on the repayment of Rs. 5- lakh loan obtained against it from a public sector bank have been arrested.

According to the police, this followed a complaint from Shanta Krishnan (77) of Krishnan Nagar, Mogappair, on which Commissioner of Police Letika Saran directed the Central Crime Branch police to register a case.

Investigation revealed that the complainant owned 32 cents on Tambaram-Mudichur Road. In her complaint, she said some persons, after obtaining a death certificate in her name, posed as her legal heirs and took a loan of Rs 5 lakh from a bank branch in Thousand Lights by submitting a forged document, Ms. Krishnan said.

Loan default

The incident came to light when the ‘borrower’ failed to repay the loan and the bank initiated action to recover it. In doing so, the bank sold the property given as collateral through a public auction and realised the loan amount.

According to a press release, though the value of the property was about Rs 80 lakh, the auction fetched only Rs. 7 lakh.

Following this, the senior citizen approached the Police Commissioner. CCB officer D. Kannayan conducted inquiries and arrested M. Anthony (48) of Chromepet Chambers Colony and Sunil William Rodrigues (39) of St. Thomas Mount Seven Wells Street and registered a case of cheating and forgery.

The accused were produced before a city court on Wednesday, which remanded them to judicial custody. A hunt is on to nab another person, who is the main accused, the officer said.

Recommended for you