The Central Crime Branch (CCB) police have arrested three individuals for allegedly orchestrating a forgery scam involving a loan of Rs 2.32 crore intended for the purchase of a plot of land. The accused have been identified as Shivanna, Syed Hashim, and Ranganath.
The fraud came to light when Achukuttan applied for a loan from the State Bank of India (SBI) to purchase a property at Mallattahalli Village in Bengaluru North taluk from Shivanna. In January 2023, the bank sanctioned a loan amounting to Rs 1.16 crore. However, suspicions arose when Achukuttan failed to make subsequent payments, prompting bank officials to investigate.
Upon inspection, it was discovered that Mohammad Faiyaz had previously obtained a loan of Rs 1.16 crore from SBI in October 2022, ostensibly for the same property. Further investigation disclosed that Syed Hashim had provided false information during the transactions.
Following a complaint filed by the Assistant General Manager of SBI’s Bengaluru Central branch, the CCB initiated an investigation and subsequently arrested Shivanna, Syed Hashim, and Ranganath for their alleged involvement in the fraudulent scheme.
