Two arrested in bank fraud case

Two persons have been arrested by the Central Crime Branch (CCB) in connection with a case where the accused allegedly forged a document for a property worth ₹2.5 crore. The accused used a fake document to secure a bank loan, and cheated the owner.

According to police, Abdul Khader, 65, of Guindy needed money for his daughter’s wedding. He approached his business acquaintance, Vinayaka Acharya of Madipakkam, for financial help. Acharya allegedly promised to provide money by pledging Khader’s property in Guindy as collateral. Under this pretext, he obtained a general power of attorney in his name. Later, without Khader’s knowledge, he forged a “life certificate” in Khader’s name and sold the property to Sujatha of Salem.

Using the forged documents, the accused obtained a housing loan of ₹75.80 lakh from ICICI Bank, Avinashi branch, and shared the money among themselves. Abdul Khader lodged a complaint with the Greater Chennai Police Commissioner. Based on his complaint, a case was registered in 2023 by the Central Crime Branch.

During investigation, it was found that the accused Vinayaka Acharya, Siva, his wife Sharmila, Sujatha, and Acharya’s wife Datchayani — had conspired together to fraudulently pledge Khader’s property and obtain the bank loan.

The CCB arrested Vinayaka Acharya, 51, and Sujatha, 48, of Salem.