The Anti-Bank Fraud Wing of the Central Crime Branch (CCB) has arrested four men from Andhra Pradesh for allegedly securing personal loans from HDFC Bank using fake documents.
The fraud came to light during an internal audit by the bank, which revealed that several loan applications contained forged documents. Dhiviyan Kumar, from the Credit Intelligence and Control Unit at HDFC Bank’s Aminjikarai branch, filed a complaint against C. Ekambaram and two others. According to the complaint, they falsely claimed to be software engineers at M/s. Avance Consulting Service Pvt Ltd to obtain loans. However, investigations revealed that they were never employed there. They also submitted fake salary slips to support their claims.
Police discovered that these forged documents were created by a man named Kumar, who charged a commission for his services. The fraudulent scheme resulted in a loss of ₹1.04 crore for HDFC Bank. The loan amounts were then diverted to multiple unknown individuals.
Following the complaint, the Central Crime Branch registered a case and launched an investigation. Officials found that the accused had defrauded multiple financial institutions using similar tactics, securing loans totaling ₹2.47 crore.
The arrested individuals have been identified as C. Kumar (29), C. Ekambaram (27), Kesava Gangaraju (25), and Krishnamoorthy (24), all from Andhra Pradesh. They were brought to Chennai and have been remanded to judicial custody.
Authorities are continuing their investigation to identify other individuals who may be involved in the scam.
