Gang of 9 held for duping banks by pledging fake gold

Kolhapur | Thursday | 11th October, 2018

Summary:

Three banks have machines that can identify pure and fake gold but even these machines failed to recognise these fake jewellery items. We appeal to bank officials to check the gold jewellery against which they have given loans to people and validate if it is original or fake,” added Deshmukh. The officials said the gold jewellery submitted by the suspects with them was pure. Police are checking from where Rakshe was getting the fake gold jewellery and those involved in making such type of jewellery.“The possibility of other banks from south Maharashtra and other parts of the state being conned in a similar manner cannot be ruled out. Two banks have lodged complaints in this regard following an alert by police..