Cuddalore: An alleged try by a 19-year-old man to “open a branch of the State Bank of India” at Panruti close to right here was scuttled and he was arrested for forgery, police mentioned right here on Saturday.
The person, son of retired SBI staff, had readied pretend seals and challans of the general public sector lender and had different paraphernalia like a money counting machine wanted “to run a bank branch,” on an higher ground of his residence at Panruti, about 25 km from right here.
He had not, nonetheless, put up any signboard.
The SBI Panruti department supervisor lodged a grievance with police searching for motion following a tip-off by a buyer that the person was “opening an SBI branch and has challans as well.”
Following questioning, he was arrested for forgery and possession of counterfeit seals.
A printer who printed the challans and one other who had made pretend seals had been held for related offences and abetment.
They had been produced earlier than a Justice of the Peace court docket and enlarged on bail.
Requested if the person had cheated individuals by soliciting deposits or facilitating loans, Panruti police inspector Ok Ambethkar informed PTI, “no..we have not received any such complaint so far.”
The person’s late father had labored for SBI and his mom had retired from the identical financial institution a while again, he mentioned.
To a query, the police inspector mentioned the person’s mom, who has mobility points, and one other girl relative dwelling in the identical home had no clue about his “idea.”
Investigations revealed that he aspired to work for a financial institution and since he had carefully watched banking operations for lengthy he was “very knowledgeable” about it.
On the suspected motive, he mentioned a number of of his replies had been incomprehensible, infantile, and unusual however his glorious understanding of the banking processes.
“He even calmly told us that he awaited approval from Mumbai to open the (SBI) branch and that he was about to put up a signboard,” the inspector mentioned, including that the person had tried unsuccessfully to get employment on compassionate grounds within the SBI following the loss of life of his father in harness.
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