Two held for pledging fake jewels and obtaining Rs. 67.67 lakh loan from bank

Two held for pledging fake jewels and obtaining Rs. 67.67 lakh loan from bank

August 17, 2018

Mysuru:  Vijayanagar Police have taken two persons into custody on charges of pledging fake jewels and obtaining Rs. 67.67 lakh from Lakshmi Vilas Bank at Vijayanagar in city.

The persons who have cheated the bank are identified as Suresh and Saniha Ranganath. The duo, between Jan. 31 and Aug. 6 had pledged jewels in the bank several times and had obtained loans.

Following instructions from the bank authorities to check jewels pledged by customers who have obtained Rs. 3 lakh and more, the bank checked the two bangles weighing about 196 grams which were pledged by the accused who had taken Rs. 67.67 lakh loan against the jewels.

When the staff got the bangles checked for its genuinity, they were shocked to know that the bangles were fake. The bangles were checked by Suresh, the bank’s goldsmith who had said that the bangles were genuine before the bank gave loan.

Bank Manager Narasimhan, on learning that the bank has been cheated, lodged a complaint with Vijayanagar Police against Suresh and Saniha Ranganath.

Vijayanagar Police, who have registered a  case, took the two accused into custody and are interrogating them.


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