New Delhi, March 18: The Central Bureau of Investigation (CBI) has achieved a significant breakthrough in a long-pending bank fraud case by arresting fugitive M. Naga Kumar, also known as Tamil Selvan, in Chennai. The accused had been on the run since the investigation began, concealing his identity.
According to the CBI, this case was registered on September 29, 2015, based on a complaint from the Indian Bank’s Chennai North Zone. The complaint implicated K. Rajendran, Sarathi and Balu (chartered accountants), some unidentified government officials, and others. Rajendran is the proprietor of Shree Sai Baba Real Estates and Constructions.
The allegations state that these individuals fraudulently obtained various home loans using forged documents, defrauding the bank of approximately ₹4.66 crore. M. Naga Kumar was among those who took out these loans.
During the investigation, the CBI filed a chargesheet against a total of 33 accused, including M. Naga Kumar, on March 14, 2017. However, Kumar had been evading capture since then. To apprehend him, the agency employed advanced technology and extensive field operations.
Investigations revealed that the accused was living in Chennai under a new identity with his wife. He had changed his name to Tamil Selvan and was using this name on all his official documents.
The CBI conducted a covert operation to confirm the suspect’s identity and arrested him on March 16. Following his arrest, he was presented before a competent court in Chennai, which remanded him to judicial custody. The agency is now continuing its investigation into the case and examining the roles of other accused individuals.
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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