Man arrested for defrauding Rs 3 lakh by mortgaging imitation gold

1 min read
Read later

Representational Image | Photo: PTI

Ernakulam: Police have arrested one of the accused who defrauded West Kadungalloor Service Co-operative Bank by mortgaging imitation gold.

Binanipuram police arrested Kadungalloor native Shaji (42) for defrauding Rs 3 lakh.

Shaji, who is a welding worker, kept mortgage four times. One of the governing body members received information about money fraud at the bank, following which the mortgaged gold was inspected. The authorities informed police after realising that Shaji had mortgaged imitation gold bangles.

The bank has received information that another person, who is thought to be Shaji’s partner, has also defrauded money. He is yet to be taken into custody.

Add Comment
Related Topics

Get daily updates from

Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.

doctors drown kochi oct 2023

1 min

Car plunges into river in Ernakulam after losing control killing 2 doctors, injuring 3 others

Oct 1, 2023


1 min

Thundershowers likely to continue in Kerala till October 7: IMD; yellow alert in 5 districts today

Oct 1, 2023

Gopi Kottamurikkal

1 min

RBI stand no bar, will provide financial aid to Karuvannur bank if CPM asks: Kerala Bank President

Oct 1, 2023