BANK NEWS
Son of ex-bank employee caught running fake branch of SBI
New Delhi: Official says that the duplicate branch of state bank of India which was running from past three identified by the Tamil Nadu police yesterday and complaint was filed against it. It was founded that the three people were arrested in the matter among which one is the son of former SBI employee. The fake branch was located at Panruti in Cuddalore district of Tamil Nadu. However, police claim that no one reported for money lost.
The three arrested people include Kamal Babu (19), A Kumar (42), and M Manickam (52). Kamal Babu is the son of former SBI employee and his mother retired from bank 2 years ago. The three accused have been booked under section 437, 469, 484 and 109 of the Indian Penal Code, according to the local media reports.
However, no one reported any case regarding money loss or fraud at the fake branch.
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