Man who cheated bank of ₹37 lakh using forged property documents arrested after 20 years
A 60-year-old man has been arrested by the Chennai police after being on the run for 20 years for a bank loan fraud case. The suspect allegedly used forged property documents to secure a loan of ₹37 lakh.
Why it matters
The arrest demonstrates the long-term reach of law enforcement in pursuing financial crimes, even after decades of evasion.
The Central Crime Branch (CCB) of the Greater Chennai City Police has arrested a 60-year-old man who was absconding for nearly 20 years in a case involving an alleged ₹37-lakh bank loan fraud using forged property documents.
According to the police, the complainant, Philomina Rani, owns a 6,772-square-foot plot at Sridevi Garden, Valasaravakkam. One of the accused, Leemaraj, allegedly obtained a fake legal heir certificate and created forged documents. In collusion with the other accused, Harinarayanan, Leemaraj mortgaged the property with a private bank in New Delhi and fraudulently obtained a loan of ₹37 lakh.
Based on a complaint lodged by Philomina Rani with the police in 2007, the CCB registered a case, conducted an investigation, and filed a final report against the accused before the court.
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