Surat: In a major loan scam at the Ring Road branch of Tamilnad Mercantile Bank, the bank manager, valuer, guarantor, and other employees—along with a gang seeking to fraudulently obtain loans—allegedly cheated the bank of ₹16.38 crore. In connection with this case, the 29th accused, Ashok Kalu Kanpariya, who had been absconding for the past two and a half years, was arrested by the Economic Offences Wing of Surat Police.
Around two years ago, Prabhakar Nadar, an officer from the bank’s...Read More