In a shocking turn of events, the Central Crime Branch (CCB) of the city police has apprehended four individuals on charges of defrauding a bank. The culprits, comprising of two siblings and their wives, were identified as V Vinod Sharma, aged 47, his brother V Vivek Sharma, aged 41, and their wives, Sharmila Sharma, aged 42, and Sapna Sharma, aged 36. After their arrest, they were promptly presented before a magistrate and subsequently remanded in judicial custody.
The investigation was initiated by the city police following a complaint lodged by the manager of City Union Bank. According to the police, the accused family operates a jewelry shop called Kamadhenu in Avadi. It has been revealed that the family managed to secure a whopping 7 crore loan from the bank by submitting forged property documents. However, they failed to repay the loan, thereby raising suspicions and instigating an inquiry by the Bank Fraud Investigation Wing police.
Further investigation into the matter has uncovered that the family obtained the loan by pledging a 3,474 square feet vacant land situated in Vilinjambakkam near Avadi. Shockingly, they intentionally concealed the fact that a civil case involving the said property is pending in the Poonamallee civil court. This revelation highlights the deceptive nature of their actions, as they deliberately misled the bank with their forged documents.
The arrest of these individuals serves as a reminder of the importance of maintaining integrity and adhering to the law. It also serves as a warning to others who may consider engaging in fraudulent activities. The City Union Bank, along with the authorities, is determined to bring those responsible to justice and ensure that such incidents are prevented in the future.