The CBI on Tuesday said that it has apprehended nine people in connection with a bank fraud case involving the foreclosure of Chennai Port Trust’s fixed deposits. A CBI spokesperson said that it has arrested Ganesh Natarajan, V Manimozhi, J Selvakumar aka Selvam, K Zakir Hussain, M Vijay Heralld, M Rajesh Singh, S Siyadh, S Afsar, and V Sudalaimuthu aka Annachi, in connection with the case.

The arrest comes 12 months after the CBI registered a case on July 31 last year on a complaint from the Indian Bank in Chennai against two private persons, the branch manager of Indian Bank’s Koyambedu Branch in Chennai, and other unknown public servants and private persons on the allegations of fraud, forgery, and impersonation with the intention to cheat the bank to the tune of Rs 100.57 crore.

The complaint further alleged that a loss of Rs 45.4 crore was caused to Indian Bank by way of foreclosing or pre-closing of several term deposits created in the name of the Chennai Port Trust (CPT) and also transferring or withdrawing the said amount through various accounts etc.

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