The CBI on Tuesday mentioned that it has apprehended 9 folks in reference to a financial institution fraud case involving the foreclosures of Chennai Port Trust’s fastened deposits. A CBI spokesperson mentioned that it has arrested Ganesh Natarajan, V Manimozhi, J Selvakumar aka Selvam, Okay Zakir Hussain, M Vijay Heralld, M Rajesh Singh, S Siyadh, S Afsar, and V Sudalaimuthu aka Annachi, in reference to the case.

The arrest comes 12 months after the CBI registered a case on July 31 final 12 months on a criticism from the Indian Bank in Chennai towards two personal individuals, the department supervisor of Indian Bank’s Koyambedu Branch in Chennai, and different unknown public servants and personal individuals on the allegations of fraud, forgery, and impersonation with the intention to cheat the financial institution to the tune of Rs 100.57 crore.

The criticism additional alleged {that a} lack of Rs 45.4 crore was precipitated to Indian Bank by means of foreclosing or pre-closing of a number of time period deposits created within the identify of the Chennai Port Trust (CPT) and in addition transferring or withdrawing the mentioned quantity by way of numerous accounts and so forth.

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