Fake SBI branch found functioning in Cuddalore, gang arrested

The Panruti police on Saturday arrested three people for attempting to run a fake State Bank of India branch at Cuddalore district in Tamil Nadu.

According to the police, Kamal Babu (19), the son of a former SBI employee, had brought computers, lockers, challans and forged documents, among other items, to set up the branch through his contacts. A website was even created in the name of the Panruti Bazaar branch.

Babu, along with A Kumar (42), M Manickam (52), had opened the branch in April amid the lockdown, with an assumption that they would not be caught.

As per reports, the fraudulent branch was busted after a customer visited the branch and then discussed it with the branch manager of a real SBI branch.

Three people, including the son of two former employees SBI employees, have been arrested following the revelation.

The arrests came after SBI Panruti branch manager Venkatesan lodged a complaint on the ‘functioning’ of a fake ‘North Bazaar branch of SBI’ at the teen boy’s house. Inquiries revealed that Kamal Babu’s parents were retired SBI employees and the boy used to frequent the bank branches where his parents worked.

After one of the customers showed the receipt he had acquired from the duplicate branch, the manager and other officials visited the fake branch and were shocked to find the set up similar to that of an original bank branch with all the necessary items.

They immediately lodged a complaint with the Panruti police following which the trio were arredt under sections 473, 469, 484, 109 of the Indian Penal Code.