Three arrested for running fake SBI bank branch in Tamil Nadu for 3 months
The Tamil Nadu Police has arrested three persons on the charges that they were running a fake branch of the State Bank of India (SBI) complete with the stamps and other official insignia of the bank for three months. The police raided that duplicate branch after receiving a tip from a man working in the official branch of the bank, who saw the fake branch in Panruti in Cuddalore and alarmed the police.
The prime accused, identified as Kamal Babu, is the son of a former bank officer. The fraud branch as per reports had been opened during the Covid-19 lockdown and had been operational for over 3 months now. The police have registered a case against the accused and investigation is underway.