Mira-Bhayandar: The Bhayandar police have registered a case against a man for taking a gold loan by pledging fake ornaments to the bank.
According to the police, the case was registered against Ramkumar Tiwari following a complaint by the bank branch manager, who stated that the accused pledged two gold bracelets and a chain as mortgage to avail a loan of Rs 6,79,100 in July 2021.
However, during the recently conducted half-yearly internal audit and inspection process, the staff were shocked to learn that the ornaments were merely gold-plated and fake. An investigation is underway to ascertain how the process of valuation and certification was bypassed while approving the loan.
Read Also
Seva Vikas Co-op Bank Fraud: Misappropriation of loan linked to 126 NPA accounts under ED scanner
