Salem: The Salem city police arrested ten persons including four staff of a private finance firm for allegedly using fake documents to dupe the company to the tune of Rs 1.42 crore.
According to police, nine lorry owners from Aathur obtained a vehicle loan from the branch office of Shriram Transport Finance Company in 2014. They totally got Rs 1.42 crore for buying 14 lorries from Karnataka between November 26, 2014 and June 7, 2016. Officials of the finance firm took action recently to seize all those 14 vehicles, since the customers did not pay the monthly dues to repay the loans.
Investigations shockingly showed that none of the customers had purchased those lorries, but had submitted fake documents for getting the loan. They had not utilised the loan amount for that purpose. Following a complaint from the firm’s manager, Mr. Saravanan, the Salem city police launched an investigation recently by forming a special team.
Police found that some employees of the firm had joined hands with lorry owners to dupe the company of such a huge amount. Police arrested lorry owners K Kaliyamoorthy,24, P Kangamuthu,36, R Rayappan,38, M Venkatesan,43, A Suresh and M Jeyavel, 31, besides fields staff of the firm, S Prabakaran, 32, K Ragunathan, 51, collection staff S Balaji, 30, and executive official A Rajiv Gandhi, 32, on Thursday.
The special police team have also launched a search for the purported lorry owners Gopu, Panneerselvam and Seenivasan, who are said to be at large.
