Financial fraud: man held

April 07, 2015 12:00 am | Updated 05:44 am IST - KOTTAYAM

: Crime Branch has arrested Ismail, 42, of Thodupuzha, for his alleged involvement in a fraud in 2002.

He had allegedly siphoned off Rs. 4.5 lakh from the Kottayam District Cooperative Bank.

The police said Ismail, along with three others, made fake seals of the manager and accountant of the Ramanattukara branch of the bank and created a false certificate claiming he had a deposit of Rs.6 lakh in the branch. Using this and a money transfer form of the Idukki District Cooperative bank, they withdrew Rs.4.5 lakh in three instalments from the Kottayam District Cooperative Bank.

- Special Correspondent

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