Home Mangalorean News Local News Man Accused of ₹2.11 Crore Bank Fraud

Man Accused of ₹2.11 Crore Bank Fraud

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Man Accused of ₹2.11 Crore Bank Fraud

Mangaluru: A resident of Mangaluru, Abubakkar Siddiq, has been accused of cheating the Samaja Seva Sahakari Bank of Rs 2.11 crore. Siddiq allegedly obtained the loan by mortgaging 500 fake gold bangles and is currently absconding.

According to the police, Siddiq availed the loan of Rs 2,11,89,800 by pledging the counterfeit jewelry. A case has been registered against Siddiq, the bank’s administrative board, and its employees at the CEN Police Station in Mangaluru.


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The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

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