![\"Chennai](\"https:\/\/c.ndtvimg.com\/65ep5ff8_businessman-arrest-generic-istock_625x300_01_September_18.jpg\"\/ "\\"Chennai")
<\/div>\nChennai Police arrested a man for forging RBI permission certificate to run a bank (Representational)<\/p>\n<\/div>\n
Chennai: <\/b><\/p>\n
The Chennai Police has arrested a person for forging RBI permission certificate for running a bank in different parts of the state.<\/p>\n
Fake passbooks, deposit forms, debit and credit cards among others were found in his possession, a police release said.<\/p>\n
The man identified as Chandrabose, operated the Rural and Agriculture Farmers’ Cooperative Bank (RAFC) in 9 cities including Chennai and Erode.<\/p>\n
Action against him was taken based on a complaint from the Reserve Bank of India (RBI).<\/p>\n
The arrested man even procured credit cards of another bank and pasted his ‘bank’s’ sticker on them to be given to customers, police said.<\/p>\n
There was no permission from RBI for Chandrabose to run the bank and he had forged a permission letter, they said.<\/p>\n
“He has some idea of banking.. had prepared passbooks, deposit slips…” Chennai Police Commissioner Shankar Jiwal said.<\/p>\n
A luxury car was recovered from him while Rs 56.65 lakh money held in the fake bank’s deposit has been attached.
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(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n
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