Man accused of ₹37-lakh bank loan fraud arrested after 20 years

Image used for representation | Photo Credit: Getty Images The Central Crime Branch (CCB) of the Greater Chennai City Police has arrested a 60-year-old man who was absconding for nearly 20 years in a case involving an alleged ₹37-lakh bank loan fraud using forged property documents.According to the police, the complainant, Philomina Rani, owns a 6,772-square-foot plot at Sridevi Garden, Valasaravakkam. One of the accused, Leemaraj, allegedly obtained a fake legal heir certificate and created forged documents. In collusion with the other accused, Harinarayanan, Leemaraj mortgaged the property with a private bank in New Delhi and fraudulently obtained a loan of ₹37 lakh.Based on a complaint lodged by Philomina Rani with the police in 2007, the CCB registered a case, conducted an investigation, and filed a final report against the accused before the court.As the second accused, Harinarayanan, had been absconding for a long time, the Chief Metropolitan Magistrate Court in Egmore issued a non-bailable warrant (NBW) for his arrest and production before the court.The police arrested Harinarayanan, 60, a native of Bengaluru, Karnataka, on Friday and remanded to judicial custody, the police said. Published - October 10, 2026 03:53 pm IST