Bank Manager held for fraud

COIMBATORE: A manager of a nationalised bank, who had sanctioned loans to several persons with extraneous considerations, was arrested on Thursday, police said. The Central Crime Branch of the city police said that Murali (50), currently working at the Vadapalani branch of Indian Bank in Chennai, had fraudulently sanctioned loans to several persons during his tenure at the Puliakulam branch in Coimbatore between 2003 and 2005.“Several credentials submitted by applicants, like salary slips, were found to be forged. Many loans were granted within a single day of receiving the application. Loans were sanctioned even to those who had not applied,” said Chandrasekar, the Inspector investigating the case. Murali has been remanded.