A fake Branch of SBI Bank Busted

Tamil Nadu : A fake branch of State Bank of India, running for the past three months, was identified and closed down by the Tamil Nadu police yesterday after officials of the state-run lender found out and filed a complaint. Among the three people arrested in the matter is a son of a former SBI employee, who had become well-versed with operations of the bank during his various visits over the years. The fake SBI branch was opened at Panruti in the Cuddalore district of Tamil Nadu. However, police claim that so far no customer has reported having lost money in the branch.

The three arrested include Kamal Babu (19), A Kumar (42), and M Manickam (52). Kamal Babu is the son of a former SBI Bank employee and his mother retired from a bank 2 years ago. The three accused have been booked under sections 473, 469, 484, and 109 of the Indian Penal Code.

Officials from the original SBI branch in Panruti, upon visiting the fake branch found that the infrastructure mirrored that of official branches of the bank according to reports. Police officials said that Kamal Babu had procured lockers, technological hardware, and other documents for the duplicate bank.