Indian police arrest fugitive in alleged 37-lakh-rupee loan fraud

Chennai police arrested Harinarayanan, 60, who had been absconding for nearly 20 years in an alleged bank fraud case. Investigators say forged documents for another person’s land were used to obtain a loan of 37 lakh rupees.

The Hindu and Times of India report that the arrest took place on Friday, October 9. A special Central Crime Branch team located the suspect in Bengaluru. He was remanded to judicial custody.

The case was registered in 2007 following a complaint from Philomina Rani. She owns a 6,772-square-foot plot in Sridevi Garden, Valasaravakkam.

According to police, co-accused Leemaraj obtained a fake legal heir certificate and prepared forged property documents. Investigators allege that he and Harinarayanan mortgaged the land with a private bank in New Delhi to obtain 3.7 million rupees.

Police submitted their investigation report to the court. Because Harinarayanan had been absconding, the Chief Metropolitan Magistrate Court in Egmore issued a non-bailable arrest warrant. The reported development is the accused man’s arrest, not a finding of guilt.