A retired female principal has been arrested by the Public Complaints Division of the Criminal Investigation Department (CID) for fraudulently obtaining a total of more than Rs. 42 million from four branches of a State Bank on 26 occasions. According to CID sources, she has prepared forged documents to obtain loans for 26 people who are not teachers under the ‘Gurusetha’ loan scheme introduced by the relevant state banks, exclusively for teachers.
This loan scheme provides loans only to teachers. The certification of the relevant documents should be done by the principal of the school where the applicant works.
The CID states that this retired principal has prepared fake seals and documents to show she is currently working as a principal.
She had used forged documents to arrange loan facilities for non-teachers under the above concessionary loan scheme which is exclusive for teachers.
Investigations have revealed that 26 people who are not teachers have obtained such loans by submitting fake documents prepared by the retired principal. This retired principal is a 69-year-old resident of Hindagala.
It is said that she has received a commission from the loan recipients.
The investigation has also revealed that all the 26 people who have taken loans are paying installments properly.
This fraud was discovered by an official of the concerned bank. The CID revealed that the bank had complained about this to them.
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