Eight including former ICICI Bank staff held

CHENNAI: The city police’s Central Crime Branch (CCB) have arrested eight persons, including two former staff of ICICI Bank, in connection with a scam in which the group allegedly defrauded the bank to the tune of Rs 3.57 crore.

Apart from the staff, K Jawahar Perumal (28) and S Karthik (31).

Others arrested were identified as S Sathish (33), his wife, S Sharmila (31), G Dhanasekar (49), S Mahalakshmi (41), her husband, D Satishkumar (47) and S Sasirekha (43).

During an internal audit, bank authorities found the fraud after which the Chief Manager of the bank approached the city police with a complaint. A special team of Bank Fraud Investigation Wing conducted the probe, and found that the suspects, along with the bank staff, had orchestrated the fraud and siphoned off Rs 3.57 crore.

Police investigations revealed that they had created fake bank accounts and credit card with the help of the staff and also obtained personal loans, which they did not repay.

“They took a loan in the name of a company IRS Metronics Private Limited, created fake salary accounts, got credit cards for 59 non-existent workers

A special team of Bank Fraud Investigation Wing conducted the probe, and found that the suspects, along with the bank staff, had orchestrated the fraud

and obtained personal loans in the name of these ‘workers’,” an officer said.

All suspects were produced before a magistrate and remanded in judicial custody. Commissioner Sandeep Rai Rathore appreciated the CCB’s Bank Fraud Investigation Wing team headed by Inspector Ponchitra for their efforts in securing them.