One arrested; cases against two Bank jewellery appraisers for certifying fake gold as genuine Madikeri: The Kodagu District Police have arrested K.A. Muhammad Rizwan from Kakkabbe-Kunjila for allegedly defrauding the Kodagu District Central Cooperative (KDCC) Bank by pawning fake gold jewellery to obtain a loan of Rs. 15.13 lakh. One more person B.A. Moosa from…
Mysore/Mysuru: K. Shamjad, the contractor hailing from Kerala, who reportedly fell victim to a robbery losing Rs. 50 lakh, is now under scrutiny as it has emerged that he actually sold 993 grams of gold (7 grams short of one kilogram) to a jewellery store situated on Ashoka Road. According to reliable sources, the transaction…
Mysuru, Apr. 8 (BCT)- Two persons involved in pawning fake gold against a loan with a private finance company are in a soup as the company has booked a Police case against them. Muthoot Fincorp has complained that Narasimha Murthy and Premkumar, residents of Maralagala in Srirangapatna, had pledged two gold rings weighing 20 grams…
Mysore/Mysuru: A gold polishing worker has cheated his owner by fleeing with 185 grams gold ornaments which was given for polishing. The incident took place at a gold polish and cutting unit on Irwin Road in city and 37-year-old M.D. Abbus Salam, is the one who has been cheated. Salam had hired five workers from…
A petrol pump attendant returned a suitcase that contained gold jewels worth more than Rs. 5 lakh to Rs. 6 lakh (a conservative estimate) to the actual owners. The suitcase was left on the main road by two women who had alighted a bus from Bengaluru in Kushalnagar. On the night of Thursday (Nov. 4)…
Once a wise man said, “Gold is no longer an investment. It is no longer a portfolio item. Gold is your lifeline and I mean it literally.” And who better than the Indians would acknowledge the Power of Gold. Be it childbirth, festivals, housewarming, or marriage occasions; each special event is marked by the purchase…
Seven including one from Mysuru, three from Kerala and three from Kodagu arrested Mysore/Mysuru: The City Police have cracked two cases of cheating where gullible people were targeted by inter-State gangs, who cheat by offering to sell gold at low prices. Seven persons have been arrested and cash amounting to Rs. 15 lakh has been…
Mysore/Mysuru: While COVID-19 has put brakes on many occupations and businesses, it has not stopped the business of cheating. An engineer, residing in city was duped to the tune of Rs. 30 lakh after being promised gold ornaments and coins worth crores of rupees at a cheaper price. The conmen, posing as construction workers, claimed…
Pune: A resident of Pimpri-Chinchwad of Pune district, Shankar Kurade, has got himself a mask made of gold worth Rs. 2.89 lakh amid the Coronavirus pandemic. “It’s a thin mask with minute holes so that there is no difficulty in breathing. I am not sure whether this mask will be effective,” said Kurade. Kurade loves…
Begins at Rs. 35,490 per 10 grams (22 carat) on Dec. 1, touches Rs. 38,600 on Jan. 8 Mysuru: Gold price in city has seen a steady increase since December 2019. It was Rs. 35,490 per 10 grams 22 carat on Dec. 1 and the price of the yellow metal on Jan. 9, 2020 was…
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