Fri Nov 07 00:15:00 UTC 2025: Hyderabad Bank Manager Arrested in ₹90 Lakh Gold Fraud
Hyderabad, November 7, 2025 – Saminathan, a former branch manager of the Catholic Syrian Bank (CSB) in Saidapet, has been arrested by Saidapet Police in Hyderabad in connection with a ₹90 lakh fraud. Police recovered 162 sovereigns of gold jewellery from the accused.
The case came to light after Sulaiman, a resident of Saidapet, reported to the police that he had been defrauded of 162 sovereigns of gold ornaments after attempting to pledge them through Saminathan. Sulaiman, a regular customer at the bank, had been offered a convenient service by Saminathan where bank employees would collect documents and money from his residence.
On July 2nd, Sulaiman contacted Saminathan to pledge his gold. The bank cashier, Prasad, was sent to Sulaiman’s house to collect the ornaments and signatures. However, Sulaiman was later unable to access the funds and discovered that Saminathan had been suspended for fraud.
An investigation revealed that Saminathan, along with cashier Prasad and other employees, had been pledging gold ornaments in the names of inactive account holders, forging signatures, and fraudulently obtaining loans. The gold from Sulaiman was pledged in another person’s name, and Saminathan fraudulently obtained a ₹90 lakh loan against it before absconding.
Police arrested Prasad and Divakar in September. Saminathan was apprehended recently and remanded to judicial custody after the recovery of jewellery. The investigation is ongoing.
First Piper 