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Mangaluru: Couple pledge fake gold to avail loan, complaint filed

  •   Sat, Oct 15 2022 11:12:00 AM

Daijiworld Media Network – Mangaluru (SS)

Mangaluru, Oct 15: A complaint has been filed with the Mangaluru South police against a couple for pledging fake gold ornaments and obtaining loans fraudulently from a gold finance company.

The accused are identified Hastimal Parmar and his wife Sangeetha, residents of Monkey Stand.

The couple are accused of cheating a gold finance company by pledging 795 grams of fake gold, the complaint stated.


Representational image

The accused pledged fake gold on different days and got Rs 26,99,910 in the form of a loan. When experts at the gold finance company examined the gold on October 1, it was found that the gold that the couple had pledged was fake. The company then sent a notice to the accused asking them to make the payment towards the loan. When the couple failed to make any payment, the company filed a complaint of cheating and breach of trust against the couple with the Mangaluru South police.

A case has been registered.

 

 

 
  

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Comment on this article

  • Sense_shetty, Mangalore

    Sun, Oct 16 2022

    Surprised ..Why release the loan amount before inspection of the gold. Maybe some insider's job cannot be ruled out.

    DisAgree Agree [1] Reply Report Abuse

  • Ayub malpe, Mangalore

    Sat, Oct 15 2022

    Why they left India like Mallya, Lalit Modi, Nirav Modi, etc, etc.

    DisAgree Agree [3] Reply Report Abuse

  • Alwin, Mangaluru

    Sat, Oct 15 2022

    The inner circle of the finance company staff is to be enquired

    DisAgree Agree [3] Reply Report Abuse

  • KS Mayya, Mangalore/Bangalore

    Sat, Oct 15 2022

    either got sucked into the fraud through competition, or the staff is involved. Mukkal Kg gold pledged and more than 26 Lakhs handed over and now police intervention is sought. Sounds like familiar story involved in eliciting loan from cooperative society banks with deliberate intention to cheat and staff involved in Quid-quo pro basis.

    DisAgree [1] Agree [7] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Sat, Oct 15 2022

    Gijjubhai lagaod shendi to finance company with his glib talks and got richer by 28lacs, salute him!!

    DisAgree [1] Agree [4] Reply Report Abuse

  • Deshbhakt, Mangalore

    Sat, Oct 15 2022

    How come the loan sanctioned first and the verification done later ?? So much trust ?? In times that 15 Lakhs didn't come even after 8 years ??

    DisAgree [1] Agree [20] Reply Report Abuse

  • Mbeary, Dxb

    Sat, Oct 15 2022

    Where are the usuals who always comment about the usuals?

    DisAgree [3] Agree [23] Reply Report Abuse

  • Pankaj, Manipal

    Sat, Oct 15 2022

    Lot of people cheated while showing fake gold bar in swimming pool by IMA. People still not recovered.

    DisAgree Agree [9] Reply Report Abuse

  • Sameer, Riyadh

    Sat, Oct 15 2022

    khatra hi khatra!

    DisAgree Agree [19] Reply Report Abuse

  • Rolf, Dubai

    Sat, Oct 15 2022

    Vishal, Mangalore Fri, Oct 14 2022 Common factors contribution for the day.

    DisAgree [3] Agree [12] Reply Report Abuse

  • Jossy Tauro, Mangalore

    Sat, Oct 15 2022

    May be promised 40% commission. Now people addicted to 40%.

    DisAgree [5] Agree [23] Reply Report Abuse

  • Confused Citizen, Surathkal Toll Gate

    Sat, Oct 15 2022

    Where is this Monkey Stand in Mangalore !!?

    DisAgree [3] Agree [13] Reply Report Abuse

  • Umesh Rao, Mangaluru

    Sun, Oct 16 2022

    In Manga - luru.

    DisAgree Agree Reply Report Abuse

  • Golibajje, Mangalore

    Sat, Oct 15 2022

    There's no way this can be possible without an insiders hand. Gold loan companies double check for verification and this just sounds fabricated. Someone from the inside was involved who got their cut as well.

    DisAgree [3] Agree [41] Reply Report Abuse

  • U.Suresh, Udupi

    Sat, Oct 15 2022

    How come the loan sanctioned without proper verification Otherwise insiders changed the ornaments after releasing the loan. However insiders role is evident.

    DisAgree Agree [5] Reply Report Abuse

  • Rita, Germany

    Sat, Oct 15 2022

    U Suresh udipi I too doubt the same.Usually without proper investigation a loan in that amount not given.Someone must have exchanged the gold to fake.Investigation is here needed.

    DisAgree Agree [2] Reply Report Abuse

  • prakash, Manipal

    Sat, Oct 15 2022

    Either the gold company guys are stupid/out of mind or the couple are lucky to escape the mandatory material tests... They must have pledged real gold initially once or twice until the local manager got familiar/confident with them... Excellent bounty collected and they can run away into rogue countries with that...

    DisAgree [2] Agree [32] Reply Report Abuse


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