Hari Nadar arrested along with associate in multi-crore loan fraud

Hari Nadar and his associate were arrested by Central Crime Branch (CCB) in a case involving cheating of ₹70 lakh on the promise of arranging a ₹35 crore loan.

A. Hari Nadar alias Harigopala Krishnan Hari Nadar runs an outfit called Shathriya Sandror Padai and faces several cases for cheating.

According to police, Anand Kumar of Koyambedu, who runs a logistics business had approached Balasubramanian alias Balu to expand his business.

Through Balu, Anand Kumar came in contact with Hari Nadar and others via WhatsApp calls. They assured him that they would arrange a loan of ₹35 crore and demanded ₹70 lakh as processing fee.

Believing their assurance, the complainant transferred ₹70 lakh to the accused persons’ bank account on August 28, 2025. He was later given four demand drafts of Bank of Baroda amounting to ₹35 crore.

When three of these demand drafts were submitted to the bank, they were found to be fake. Realising that he had been cheated, Anand Kumar lodged a complaint with the Greater Chennai Police Commissioner.

Based on the complaint, a case was registered by the Central Crime Branch and investigation was taken up. The investigation revealed that Hari Nadar of Tirunelveli was the prime mastermind. Along with his associates, he had created a fake finance company named “Global Finance Company,” opened a nominal account in IDFC Bank, fraudulently obtained ₹70 lakh from the complainant, and issued four fake demand drafts to cheat him.

After sustained investigation, police arrested the accused G Balasubramanian, 58, of Ponnammampettai, Salem, and A. Hari Nadar, 42, of Tirunelveli district. From Hari Nadar, cash of ₹12.5 lakh, seven mobile phones, and two dongle devices were seized.

After interrogation, both the arrested accused were produced before the Metropolitan Magistrate Court (CCB & CBCID), Egmore and were remanded to judicial custody as per court orders, said police.