Reports say the 19-year-old suspect tried to open a branch of the State Bank of India (SBI) at Panruti, Tamil Nadu on Saturday, July 11 but he was nabbed after SBI Panruti branch manager tipped-off the police.
19-year-old man arrested for setting up fake bank says he’s awaiting approval from headquarters
Police arrested a young man who was attempting to establish a fake branch of a reputable bank.
19-year-old man arrested for setting up fake bank says he’s awaiting approval from headquarters
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A suspicious customer blew the cover of the criminally minded young man who was even going to erect a signboard to direct the unsuspecting public to the fake bank.
19-year-old man arrested for setting up fake bank says he’s awaiting approval from headquarters
19-year-old man arrested for setting up fake bank says he’s awaiting approval from headquarters
Pulse Ghana
Police inspector K Ambethkar who reportedly confirmed the arrest said the teen calmly told them he was awaiting approval from the financial institution's headquarters in Mumbai.
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"He even calmly told us that he awaited approval from Mumbai to open the (SBI) branch and that he was about to put up a signboard," the inspector told Daily News and Analysis (DNA).
Some fake seals, challans of the public sector lender and a cash counting machine were retrieved from the suspect.
19-year-old man arrested for setting up fake bank says he’s awaiting approval from headquarters
19-year-old man arrested for setting up fake bank says he’s awaiting approval from headquarters
Pulse Ghana
A printer and several other individuals involved in the syndicate were also arrested for making challans and fake seals.
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The late father and mother of the accused reportedly used to work in the bank, so he had been closely monitoring its operations.
He and his accomplices were arraigned before a magistrate court and released on bail pending further investigation and trial.
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