Three arrested for Rs 1.2 crore bank loan fraud

Representational image.

A city bank has reported to police that a gang has fraudulently taken multiple house loans from it, which resulted in a loss of Rs 1.2 crore in the last few months.

The bank apparently sanctioned five loans. The police have arrested three members of the gang on Thursday while a few are still at large.

They were produced before the court earlier this week and have been remanded in police custody till June 18.

https://www.telegraphindia.com/west-bengal/calcutta/three-arrested-for-rs-1-2-crore-bank-loan-fraud/cid/1818648

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