CHENNAI: A magistrate court has denied bail to a former assistant general manager with Punjab national bank, who was arrested by the Central Crime Branch in the first week of January in connection with a bank fraud.
The bank fraud wing of the CCB had initially arrested a developer who duped the bank of several lakhs by availing loan, submitting forged documents. Shane Sylvester Rozario was arrested for facilitating the fraudulent act and was remanded to judicial custody.