While one of the accused Sathya has already been arrested, the special team arrested Karthiga, the prime accused in the case, in Thursday. Investigations are on to trace the whereabouts of the missing accused Saravanan. The trio who were employees of the firm had forged documents and jewels and eloped with Rs.41 lakhs of money and gold.
Coimbatore: A special police team of the District Crime Branch arrested Karthika (A1) the head ofICL Fincorp (Kuniamuthur branch) in the forgery case in which gold loan of Rs.40.80 lakhs was obtained using forged documents and imitation jewellery.
It may be recalled that a District Crime Branch Police team headed by Assitant Commissioner Parthipan had earlier arrestedICL Fincorp ( Kuniamuthur branch) Assistant manager on August 8 and were on the lookout for Branch Head Karthika and Manager Saravanan, who had obtained a gold loan of Rs.40.80 lakhs using imitation jewellery and forged documents of some of the customers.
According to Police, the said employees of the ICL Fincorp working in the Kuniyamuthur branch had conspired and obtained the loan amount using some of the customer's identity documents and credentials to obtain the loan amount. They replaced imitation jewellery in place of gold jewelry and obtained the loan amount through frafulent ways.
The forgery came to light when an annual audit was conducted in the Kuniamuthur branch of the ICL Fincorp in May 2022.
While the trio had replaced imitation jewellery in 25 separate packets, to obtain Rs.26 lakh loan another 21 gram of original gold jewellery which were safeguarded in 11 packets were also stolen and in its place imitation jewellery were replaced worth about Rs.14 lakh.
Following a formal police complaint preferred by the Zonal Manager ICF Fincorp Vinoth Kumar, the police registered a FIR in July..Upon orders by the City Commissioner, teams were formed and investigations were intensified to nab the trio who absconded.
The special team arrested Sathya on August 8 and seized gold jewels from her. And based on the details provided by her, the special team arrested Karthiga (A1) on Thursday. The police are on the lookout for Saravanan who is reportedly absconding.
The cheating incident by the staff of the ICF Fincorp itself by using forged documents had created a flutter amid the public.
It may be recalled that a District Crime Branch Police team headed by Assitant Commissioner Parthipan had earlier arrestedICL Fincorp ( Kuniamuthur branch) Assistant manager on August 8 and were on the lookout for Branch Head Karthika and Manager Saravanan, who had obtained a gold loan of Rs.40.80 lakhs using imitation jewellery and forged documents of some of the customers.
According to Police, the said employees of the ICL Fincorp working in the Kuniyamuthur branch had conspired and obtained the loan amount using some of the customer's identity documents and credentials to obtain the loan amount. They replaced imitation jewellery in place of gold jewelry and obtained the loan amount through frafulent ways.
The forgery came to light when an annual audit was conducted in the Kuniamuthur branch of the ICL Fincorp in May 2022.
While the trio had replaced imitation jewellery in 25 separate packets, to obtain Rs.26 lakh loan another 21 gram of original gold jewellery which were safeguarded in 11 packets were also stolen and in its place imitation jewellery were replaced worth about Rs.14 lakh.
Following a formal police complaint preferred by the Zonal Manager ICF Fincorp Vinoth Kumar, the police registered a FIR in July..Upon orders by the City Commissioner, teams were formed and investigations were intensified to nab the trio who absconded.
The special team arrested Sathya on August 8 and seized gold jewels from her. And based on the details provided by her, the special team arrested Karthiga (A1) on Thursday. The police are on the lookout for Saravanan who is reportedly absconding.
The cheating incident by the staff of the ICF Fincorp itself by using forged documents had created a flutter amid the public.