Archive · 20 Nov 2025
Surat Cricket Body Chief Arrested for Rs 2.92 Crore Loan Fraud
The president of Surat's cricket association was arrested for tricking a bank into giving him a big loan by pretending he had permission from his business partners.
He spent the money on himself and didn't pay most of it back.
He tried to avoid arrest but the court didn't let him.
Kanaiyalal Contractor, president of Surat District Cricket Association (SDCA), arrested
Accused of forging signatures to secure Rs 2.92 crore loan
Loan amount allegedly used for personal expenditure
Defaulted on nearly Rs 67 lakh
Case registered a year ago, anticipatory bail denied
- Who
- Kanaiyalal Contractor, president of Surat District Cricket Association
- What
- Arrested for loan fraud
- When
- November 20 (PTI)
- Where
- Surat
- Why
- Allegedly forged signatures to secure loan, used it for personal expenditure
- Loan Amount
- Rs 2.92 crore
- Defaulted Amount
- Nearly Rs 67 lakh
- Arrest Date
- November 20, 2022
- Court Action
- Anticipatory bail denied by Gujarat High Court and Supreme Court
