The Museum police arrested a 45-year old man for an alleged loan fraud on Thursday.
The accused was identified as Anil alias Aji of Murukkumpuzha. He and another accused Sreekanth have been accused of defrauding the State Bank of India (SBI) to the tune of ₹1 crore by enabling other people to avail loans from its Vellayambalam branch using forged documents.
Sreekanth, who used to work as a business development officer in SBI Life Insurance, is the prime accused in the case. He was arrested a week ago.
