Chennai Rafc Bank Fraud / Bank Scam Scamer Scam Scam Chennai Rafc Bank The prime accused, Chandrabose, 42, who had an MBA degree from the United Kingdom, reportedly ran the entity in the name of 'Rural and Agricultural Farmers' Co-operative (RAFC) Bank' for nearly a year and collected unauthorised deposits from the public claiming to be an RBI-regulated entity
The Central Crime Branch (CCB) of the Chennai City Police has busted a fake bank that had been operating in the city and eight other places in the State and arrested the prime accused in the case. The police took action following a complaint from the Reserve Bank of India (RBI), Chennai.
