The Hindu·3 min read·medium
Appraiser of private bank among three held for ₹1.5 crore gold loan fraud
T
The Hindu Bureau
✦AI Summary
Police in Peenya have arrested three individuals, including a bank appraiser, for orchestrating a ₹1.5 crore gold loan fraud. The group used fake accounts and imitation jewellery to secure loans, later attempting to cover their tracks by defrauding a businessman.
The Peenya police have detained a gang of three, including the appraiser of a private bank, for allegedly defrauding the bank of nearly ₹1.5 crore by sanctioning gold loans against fake jewellery using bogus accounts.
businesseconomy
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