The Anti-Bank Fraud Wing of the Central Crime Branch on Thursday arrested S. Murali, 46, a jewel appraiser, and his associate S. Shanthi, 31, for allegedly pledging imitation jewellery and raising loans over ₹1 crore from a nationalised bank in the city.
They were arrested by the police following a complaint from the senior manager of Syndicate Bank, Nandanam.
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