The Bank Fraud Investigation Wing of Central Crime Branch (CCB) has arrested three persons, including a bank manager, for allegedly defrauding the HDFC Bank by submitting forged documents and obtaining loans fraudulently.
According to the police, Gilian Kumar, manager of Credit Intelligence and Control Unit of HDFC Bank, Aminjikarai branch lodged a complaint about the fraud last month. The complainant alleged that one Kumudha Krishnan had submitted documents, such as Know Your Customer (KYC) details, income tax returns, bank account statement, work order and quotation for buying a mobile crane vehicle from IVR Enterprises and availed a loan of ₹30.91 lakh in last September. Similarly Jahir Ali also obtained ₹30.87 lakh by submitting documents in a similar manner.
The complainant alleged that one Yaser Arafat, who was working with the bank as relationship manager, failed to conduct dealership verification and sanctioned the loans. During internal investigation, the bank officers found that the relationship manager and loanees had colluded together and fraudulently got the loan sanctioned. Moreover, they failed to repay the loan and caused a total loss of around ₹60 lakh.
Following the complaint, the CCB began investigation and arrested Kumudha Krishnan, 42, of Villivakkam, Yaser Arafat, 40, of Chintadripet who was the relationship manager and Radhakrishnan, 47, of Jafferkhanpet.
Published – August 11, 2025 11:40 pm IST
