Ahmedabad:
It is the kind of fraud that will remind you of the movies. Over a period of two years, the manager of the Navrangpura branch of Karnataka Bank cheated the bank to the tune of Rs2.3 crore, by making dummy accounts and issuing loans in their name. The police are now on the hunt for the manager, G Ramakrishna Prabhu.
Prabhu, a resident of Hubli in Karnataka, was posted as manager of the bank's Navrangpura branch. However, when the bank authorities detected internal irregularities in the accounts of some people to whom loans were issued, it was revealed that Prabhu had created dummy accounts himself, and had issued the loans to them.
Speaking to DNA, Navrangpura police inspector PM Parmar said that Prabhu was the final authority on issuing of loans and also the mastermind behind the fraud. Parmar said that the police will seek help from the Karnataka government to nab Prabhu.
Police sources said that Prabhu had made some 34 dummy bank accounts, and had issued vehicle loans against these during the period from May 2008 to February 2010. "He had had duplicate documents, including PAN cards, ration cards and driving licences, made," added the source.
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