Dewas (Madhya Pradesh): A swindler has defrauded a gold loan company,SBFC Finance Bank of Rs 1.73 lakh by depositing fake jewellery.
The incident came to light when the senior officials of the company Anand Phalodiya lodged a complaint against four persons including their own branch manager at the Kotwali police station.
Anand registered a case against the four accused Mahendra Patel, Falguni Kashyap, Pramod Chaudhary and Shailendra Sharma on 24th July.
The police started interrogating around 40 loan holders of the company.
India's Auto Component Industry Grows 6.8% YoY To ₹3.56 Lakh Crore In H1 FY26, Exports Up 9.3%
Over 50% Of Tech, Banking Firms Plan To Increase Hiring In India In 2026: Report
NEET PG 2025 Cutoffs Lowered After 2 Counselling Rounds To Fill Vacant Seats
Mercedes-Benz India Becomes First Market Outside US To Locally Produce Ultra-Luxury Mercedes-Maybach GLS
This incident has caused fear among the customers of all gold loan companies in the city.
All the accused committing frauds are out of police range.
