Hyderabad: Five held for allegedly cheating ICICI Bank of Rs 30 lakh

Ibrahimpatnam police have detained five persons for allegedly defrauding ICICI Bank of Rs 30 lakh using forged Aadhaar and PAN cards, appointment letters and salary slips. Investigators are questioning the suspects and examining possible links to other loan scams.

Hyderabad: The Ibrahimpatnam police have taken five persons into custody for allegedly cheating ICICI Bank of Rs 30 lakh by securing loans using forged identity and employment documents.

According to information available, the suspects allegedly submitted fake Aadhaar and PAN cards, along with forged appointment letters and salary slips, to establish false employment credentials and qualify for bank loans.

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Using these fabricated documents, the gang reportedly managed to obtain loans totalling Rs 30 lakh from ICICI Bank. The fraud came to light following an investigation into suspicious loan transactions.

Police have detained all five suspects and are questioning them to establish their individual roles in the fraud.

Investigators are also examining whether the gang was involved in similar loan scams and whether more people were part of the network.

Further details are awaited.