CCB arrests former bank manager and deputy manager in fake gold loan case
The Central Crime Branch (CCB), Coimbatore City, has arrested a former manager and deputy manager of the Cheran Maa Nagar branch of the Indian Bank in connection with the incident in which a man from Kerala obtained a loan from an amount of ₹1.32 crore by pawning fake jewellery. CCB officials said former bank manager I. Premkumar of Sowripalayam and deputy manager T. Usha of Vilankurichi road were arrested on Sunday for violations of Articles 120 B (criminal association), 409 ( criminal breach of trust by a public official or by a banker, merchant or agent) and 420 (cheating and dishonest inducement to deliver goods) of the Indian Penal Code. According to the CCB, P. Regi (47) from Ernakulam, P. Hemamalini from Gandhi Maa Nagar and T. Mathankumar from Balamurugan Nagar near Kalapatti had been granted a loan of ₹1.32 crore by pledging 4.07 kg jewelry from Cheran Maa Nagar branch. of the Indian Bank. Based on information that Regi had a forgery case against him in Kerala, the gold pledged by Regi and the other two was verified by banking authorities on October 27, 2021. The verification revealed that the three defendants had pledged 4.07 kg of fake gold jewelry. to get a loan of ₹1.32 crore. The CCB arrested Regi on January 30 this year on the basis of a complaint filed by P. Subramanian, Area Manager, Bank of India, Area Office, Coimbatore. According to CCB officials, the pawned jewelry was in the dual custody of the bank’s former manager and deputy managers. The bank had suspended them when the three borrowers remained free after benefiting from the loan.