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Forget fake gadgets, four men in Tamil Nadu started a fake bank

  • Thread starter V.Balasubramani
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V.Balasubramani

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From fake currency, fake gadgets......now it is fake Bank at Tamil Nadu....

Forget fake gadgets, four men in Tamil Nadu started a fake bank

This bank received deposits to the tune of Rs 1,23,000 and even collected Rs 1,000 from multiple candidates for a recruitment drive.

You’ve probably seen fake jeans, fake gadgets, even a fake chain restaurant or two. But have you ever opened a bank account in a familiar bank and later found out that it’s a fake? In Dharmapuri district on Monday, police arrested four men for opening a fake branch of Yes Bank called ‘Yes ABS Bank’ and operating it for more than five months in the district.

The main accused, Somasundaram, (31), was reportedly recruited by Yes Bank as a business correspondent to carry out some minimal bank operations, but ended up starting off a bank branch with his three friends. To fool customers, the fake branch sported a logo very similar to the actual Yes Bank.

When the Yes Bank branch in Salem came to know about a branch functioning in Dharmapuri, officials decided to enquire into it and found out that it was a fake branch. An FIR was registered by the Branch Manager, Sasikumar of Yes Bank, Salem on Monday.

Read more at: http://www.thenewsminute.com/article/forget-fake-gadgets-four-men-tamil-nadu-started-fake-bank-49446
 
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