“Chennai police arrest 4 in Rs 2.47 crore bank fraud scheme; used fake documents for personal loans”

The Central Crime Branch has apprehended four individuals from Andhra Pradesh in connection with a bank fraud case in Chennai. The accused were involved in a scam where they duped HDFC Bank of a whopping Rs 2.47 crore by submitting fake documents to secure personal loans. Posing as software engineers, the fraudsters relied on forged salary papers prepared by an associate to deceive the bank. This elaborate deception reportedly extended to other banks as well. The suspects have been remanded to judicial custody while further inquiries are underway to unravel the full extent of their fraudulent activities.

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