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Loan fraud case: Three arrested for duping public of ₹100 crore in Chennai
By S Vijay Karthik||2 min read at Hindustan Times
In brief
Three persons were arrested by the Central Crime Branch police for allegedly cheating a city-based businessman of ₹2 crore in Chennai by promising to secure a business loan.
Police stated that the trio, including the key suspect Muthuvel, had also defrauded the public of over ₹100 crore across Tamil Nadu and Keralam.
Chennai City police commissioner A Amalraj urged the public to approach banks directly for loans and avoid paying commissions to fraudulent middlemen.
This is an AI-estimated analysis and may not reflect the article's actual intent or the publisher's editorial position.
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Three persons were arrested for allegedly cheating people in Tamil Nadu and in Keralam by collecting over ₹100 crore promising to secure loans, police said on Thursday.
Acting on a complaint from a city-based businessman N Manivannan, the Central Crime Branch police arrested the key suspect ‘Lion’ Muthuvel alias Muthukrishna alias B M Chettiyar and two of his associates.
That is the opening of Hindustan Times’s story. The full report is on their site.
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