The Ibrahimpatnam police have taken five persons into custody for allegedly cheating ICICI Bank of Rs 30 lakh by securing loans using forged identity and employment documents.
According to information available, the suspects allegedly submitted fake Aadhaar and PAN cards, along with forged appointment letters and salary slips, to establish false employment
credentials and qualify for bank loans.
Using these fabricated documents, the gang reportedly managed to obtain loans totalling Rs 30 lakh from ICICI Bank. The fraud came to light following an investigation into suspicious loan transactions.
Police have detained all five suspects and are questioning them to establish their individual roles in the fraud.