A man who fraudulently posed as a Canara Bank manager to embezzle over ₹2.5 crores has been arrested by the Crime Branch. Vishal Thakkar, who had been on the run, was apprehended in Vadodara’s Jambuva, where police seized his car and mobile phone.

Vishal Thakkar aka Ravi Thakkar, deceived friends and acquaintances by claiming to be the gold loan manager at Canara Bank. After completing his B.Com., Thakkar began his fraudulent activities, initially targeting individuals in Rajkot by selling old vehicles as new. This scheme led to criminal charges against him at the Malviyanagar and Thorala police stations.

Thakkar’s fraudulent activities were not limited to Rajkot, he also defrauded people in Kutch Gandhi-dham using addresses in Vadodara and Rajkot. His operations came under scrutiny as multiple victims reported his scams.

In addition, Thakkar defrauded a woman in Manjalpur by promising her a housing loan of ₹24 lakhs and obtained ₹10 lakh after mortgaging her husband’s shop.

Thakkar misled customers by claiming they would receive their loans within five days, using blank forms and forged signatures to transfer loan amounts into various accounts, which he then withdrew. He is accused of defrauding ₹2.5 crores in total by pretending to offer loans.

 He collected 23 tolas of gold from one customer and 30 tolas from another, then transferred the loan amounts into different accounts and withdrew the money.

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