Two women were arrested by the Central Crime Branch (CCB) in connection with a bank fraud case involving loans worth around ₹7 crore obtained using forged documents.
According to a complaint filed on August 12, 2024, by officials of SBI, Egmore, Chennai, several individuals had fraudulently availed a Combo Home Loan of about ₹7 crore by submitting fake documents and defaulted on repayment, causing a financial loss of ₹7,10,00,725 to the bank. Based on their complaint, the CCB’s Bank Fraud Investigation Wing registered a case and began an investigation.
The investigation revealed that the accused had jointly created and submitted forged documents to obtain home loans totaling ₹7 crore, which they later divided among themselves.
During the probe, police arrested two accused V. Saraswathi (46) of Madhuma Nagar, Perambur, and A. Jemila Begum (49) of P.V. Colony, Vyasarpadi were arrested on Thursday at Perambur. After interrogation, both were produced before the Additional Chief Metropolitan Magistrate Court, Egmore, and remanded to judicial custody.
Further investigation is in progress, and efforts are on to trace the remaining absconding accused.
Published – November 08, 2025 05:55 pm IST
