BENGALURU: Alert Canara Bank officials recently averted a banking fraud to the tune of INR 1.50 Cr. On 15th of June, one walk-in customer along with his friend visited one of the Bengaluru branches of Canara Bank to avail of a Housing Loan jointly with his spouse and submitted multiple documents for verification. The loan was to be availed for the purchase of two flats at K R Puram, Bengaluru.
As a standard procedure, he submitted all the necessary documents and a Saving Bank account was opened subsequently by the Branch. On the basis of the initial PAN & Aadhaar documents submitted by him, Bank generated CIBIL Reports which reflected a satisfactory score. The Bank however suspected something amiss on noticing multiple enquires from other financial institutions and sought additional ID proof. The CIBIL report generated on new ID proof revealed several loans availed from other banks. The report also disclosed that the person is holding another PAN Card on which he has already taken three housing loans from other banks and all those housing loan accounts have been classified as NPAs. On further inquiry, it also came to light that the person had submitted a fabricated account statement, salary slips, and Employer ID Cards.
In accordance with the instructions of the Higher Office, the branch requested assistance from the nearby police station to look into the matter. Accordingly, the Branch informed the parties to visit the bank on 20.06.2020 and was arrested by the Police on their visit thereby averting the fraud.
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