Man held for swindling Rs. 2 crores by promising bank loans

Coimbatore: The city police on August 3, arrested one of the two accused involved in a money swindling case..

Coimbatore: The city police on August 3, arrested one of the two accused involved in a money swindling case..

Abdul Rahim, a resident of Cheran Nagar, Kannampalayam, Sulur who had already got home loan approached Selvakumar through his acquaintance Krishnan for an additional loan of Rs 30 Lakhs.

It is reported that Krishnan and Selvakumar run a private agency called SS Associates. The duo 

promised Abdul Rahim that they would get him a loan in State bank of India and got necessary documents and a blank cheque with signature. 

Meanwhile, Krishnan and Selvakumar used the blank check issued by Abdul Rahim and swindled an amount of Rs 42,45,000 through NEFT from his account. 

It is reported that the duo have cheated around 8 people in the past the same way and tricked a total amount of Rs 2 crores. 

Abdul Rahim lodged a complaint against the duo in the crime branch department of the District Police. Based on the orders by Sumit Sharan IPS, Commissioner of Police and under the supervision of Deputy Commissioner of Police Perumal IPS, a team led by A.Chandrashekaran, Asst Commissioner of Police comprising Inspector Nagarajan, Sub Inspector Jamuna, Renukadevi and other police officers arrested Krishnan on August 3 and produced him in the court.

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