Private bank alleges ₹4.49 crore personal loan fraud

An internal investigation by the bank reportedly confirmed the allegations. | Photo Credit: Getty Images The Cyber Crime police have registered a case following a complaint by a private bank alleging a fraudulent scheme involving forged loan closure certificates that enabled the wrongful sanction of personal loans wort

3 min readBengaluruUpdated: Jul 31, 2026 03:43 PM IST A case has been registered under several sections of the Bharatiya Nyaya Sanhita. (File Photo)The Central Crime Branch (CCB) Bengaluru registered a case after a woman alleged that she was cheated of Rs 2 crore in cash and gold ornaments worth around Rs 50 lakh by a

The move will not affect Standard Chartered banking products such as deposit accounts, wealth products and insurance policies.

Following directions issued by a Magistrate Court, police registered an FIR under multiple sections of the Bharatiya Nyaya Sanhita (BNS), including provisions related to cheating, criminal intimidation and offences against women.