Manager of Canara Bank, Lal Chowk branch, lodged a police complaint against seven business units that had taken loans, totalling Rs 10 crore, but had defaulted on it, a police spokesman said.
During investigation, it was revealed that some people, in connivance with the then Manager of the branch, had doctored documents to get loans sanctioned for non-existent business units, he said.
The spokesman said two persons -- Rayees Ahmad Khan and Irfan Ahmad Darzi -- were arrested on the charges of fraud.
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