Absconding Loan Fraud Accused Held by CBI in Chennai After Years of Searching:

The CBI arrested the absconding accused in Chennai after years of evading authorities in a Rs 4.66 crore bank fraud case.

CBI Arrests Key Accused in Rs 4.66 Crore Bank Fraud Case

Vanshika verma

Mar 18, 2026

Last update on Mar 18, 2026

Absconding Loan Fraud Accused Held by CBI in Chennai After Years of Searching The Central Bureau of Investigation (CBI) has arrested a man named M. Naga Kumar, alias Tamil Selvan, in Chennai on March 16, 2026, in connection with a bank fraud case. He had been absconding since the investigation began. The case was originally registered on September 29, 2015, after a complaint from Indian Bank, Chennai North Zone. Several people were accused, including K. Rajendran, proprietor, some chartered accountants, unknown public officials, and others. They allegedly cheated the bank of Rs 4.66 crore by using fake documents to obtain home loans. M. Naga Kumar was one of the borrowers involved in the fraud. In 2017, the CBI filed a chargesheet against 33 accused, including him. After many years of searching, the CBI tracked him through a detailed investigation and fieldwork. The CBI found that he and his wife were living in Chennai under new identities. He had also changed his name to Tamil Selvan. Apart from this, he also updated all his documents to match the new identity. The CBI further conducted an operation and arrested him on March 16, 2026. He was then produced before a court in Chennai, which sent him to judicial custody.

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Vanshika verma

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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.