Odisha

11 Arrested For Taking Bank Loan Against Fake Gold In Odisha’s Gajapati

By
OB Bureau

Gajapati: Eleven persons, including a goldsmith, were arrested on Saturday on charges of availing loans of over Rs 40 lakh by mortgaging fake gold at a bank in Odisha’s Paralakhemundi.

They were arrested on the basis of a complaint filed by Manoj Kumar Palka, manager of Paralakhemundi branch of Bank of India, on May 5, alleging that 11 persons had taken 21 gold loans, amounting to Rs 40.75 lakh, by depositing fake gold. The bank also found that the gold appraiser, J Venkat Brahman, appointed by them had certified the fake gold to be genuine by taking commission from the loanees, informed Paralakhemundi IIC Babuli Nayak.

Another loanee is absconding.

Police are further investing the case, suspecting involvement of bank staffer in the fraud, he added.

 

OB Bureau

Recent Posts

Odisha CM Reviews Paddy Procurement Preparations; Mandis To Install CCTVs

Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi on Wednesday held a meeting with district Collectors…

November 13, 2024

Odisha Cabinet Approves GOMATA, Maschyajibi Kalyan & Other Schemes With Rs 3612 Cr Outlay

Bhubaneswar: The Odisha Cabinet on Wednesday approved a new scheme “Goal for Management and Treatment…

November 13, 2024

Couple Murdered Over Land dispute In Odisha Village

Berhampur: A 62-year-old man and his wife were on Wednesday murdered allegedly by the husband’s…

November 13, 2024

Last Supermoon Of 2024 To Appear On This Date

Bhubaneswar: Sky gazers are in for a treat as the last supermoon also known as…

November 13, 2024

Odisha Govt To Form Inter-Ministerial Committee To Resolve Inter-State Disputes

Bhubaneswar: The Odisha government on Wednesday decided to form an inter-ministerial committee to resolve various…

November 13, 2024

Suriya & Bobby Deol Starrer ‘Kanguva’ All Set To Hit Theatres Tomorrow

Chennai: The release of Suriya and Bobby Deol starrer highly -anticipated ‘Kanguva’ had hit uncertainty…

November 13, 2024

‘The Great Indian Kapil Show’ Lands In Legal Trouble; Here’s Why?

Mumbai: Popular comedy talk show ‘The Great Indian Kapil Show’, hosted and produced by Kapil…

November 13, 2024

BJD ‘Infighting’ In Odisha: Woman Councillor Brings Serious Charges Against Party Leader In Balsore

Balasore: Amid reports of infighting and groupism in Biju Janata Dal (BJD) after its debacle…

November 13, 2024