Posing as information and IPS officers, mother-son duo swindles Rs 2 crore from banks
Guruvayur: Police arrested a woman and are on the lookout for her son for bank loan fraud amounting to a whopping Rs 2 crores. While the 58-year-old woman posed as an information officer, her 29-year-old son posed as an IPS officer during a span of one-and-a-half years.
Guruvayur Circle Inspector (CI) Premananda Krishnan arrested Shyamala, a native of Thiruvangad in Thalassery, from her house at Bilathikulam in Kozhikode. On seeing the police, her son Vibin Karthik escaped through the back door.
The duo created fake salary certificates and took 12 loans from various banks to buy luxury cars. The total loan amount was around Rs 2 crore.
The fraud came to light after police registered a case and held investigations based on a complaint filed by the Guruvayur branch manager of Indian Overseas Bank. The duo had taken loans amounting to Rs 30 lakh from the bank to buy two luxury cars.
There is another case that the duo swindled 97 sovereigns of gold and Rs 25 lakh from the bank manager Sudha Devi, who is a native of Kollam.
According to police, the mother-son duo quickly gained the trust of Sudha Devi and developed connections with the bank manager that soon she considered them as relatives. The two received money from Sudha Devi after convincing her that they needed cash to undergo treatment and settle loan arrears.
Both Shyamala and Vibin have accounts in most of the banks in Guruvayur. The two would prepare forged statements from each bank. They would create fake documents showing that they completed repaying the loan in one bank and submit the same in another bank to avail loan. The two would also show that they have Rs 5 lakh as minimum balance.
The two bought luxury cars using the loan and would sell them. The frauds took place during a span of one-and-a-half years. Shyamala’s husband had died earlier. She owns houses in Thalassery and Kozhikode besides a flat in Guruvayur. Police seized a car and a bike from the flat.
Shyamala was a peon at the Local Fund Audit department in Thalassery. She started the salary certificate fraud by forging her chief officer’s signature and official seal. Shyamala was dismissed from service following the fraud. Meanwhile, Vibin claimed that he was an IPS officer working at Kupwara district in Kashmir.
The duo had been staying in Guruvayur for around two years. They shifted to Kozhikode after learning that bank officials had filed cases against them. On learning that they were in Kozhikode, police came to their house early in the morning on Sunday.
As the calling bell went unanswered, the police team tried to break open the door. During that time, Vibin escaped through the back door. Shyamala was presented before the court which remanded her. Police intensified search for Vibin.