SBI/Representational Image
SBI/Representational Image
PTI/File

On Friday, three people, including son of former SBI employee, were arrested by the Tamil Nadu police for running a duplicate branch of State Bank of India (SBI).

According to a report by the Business Standard, among the three people, one was the son of former SBI bank employees. The duplicate branch, located at Tamil Nadu's Panruti area, came under lens when an SBI customer noticed it and informed his Branch manager. The matter was later escalated to the Zonal office, which informed that only two branches of SBI are running in Panruti, and there was no third branch opened in the area.

The SBI officials who visited the duplicate branch were surprised to see the entire set up which exactly looked like a bank branch. The SBI officials immediately filed a complaint and three people were arrested.

As per the report, the police arrested three people including the mastermind, an unemployed youth whose parents were former bank employees. The other two who were arrested by the police, include a person who runs the printing press from where all the receipts, challans were printed. While the other person printed rubber stamps.

Earlier in 2018, the police in Uttar Pradesh’s Ballia city arrested a man or running a fake branch of the Karnataka Bank, reported The Economic Times. Officers recovered Rs 1.37 lakh in cash, which Aafaq Ahmed had collected by opening savings and fixed deposits accounts for local residents.

(To view our epaper please click here. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in