News Karnataka
Tuesday, December 06 2022
Karwar

Bank gold appraiser aids pledging fake gold, several cheating cases surface

Photo Credit :

Karwar: More cases of cheating Syndicate Bank branch in Mallapur’s Kurnipet branch have surfaced after the first complaint was registered against four people of pledging fake gold to avail loans was reported on October 9.

Bank gold appraiser Rajkumar Shet used to facilitate bank customers to pledge fake gold to enable them to avail loans on which he used to earn commission, it is gathered. He used to endorse the fake gold as genuine and issue a certificate based on which the bank officials used to release loans.

When customers never returned to take back their gold despite bank reminders, the bank decided to auction the same. It is at this point of time that the Mallapur police registered the first complaint against four people who had pledged fake gold to avail loans worth of Rs 6.77 Lakh.

The same branch has more than 300 accounts related to gold loans and the expected transactions related to pledging fake gold is likely to exceed Rs 70 Lakh. So far police have managed to unravel 20 cases but are finding it difficult to get to the root of other cases.

Share this:
Srinivas Badkar

Read More Articles
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp