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Four arrested for duping bank of Rs 42 lakh

Written by: Staff

New Delhi, Mar 24 (UNI) The CBI has arrested four persons, including promoter and directors of a company for cheating Allahabad Bank of more than Rs 42 lakh through loans by submitting false documents.

The accused, who ran 'Sudarshan Yarn and Fabrics Pvt Ltd' in Kolkata, duped the Howrah main branch of Allahabad Bank in Kolkata of Rs 42.34 lakh by submitting fake and fabricated documents, the CBI said today.

The loan was taken under the merchant Credit Scheme of the bank in 2003.


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