MARGAO: Two days after a major gold loan fraud was detected at 3 branches of Bank of India, every other an identical case got here to gentle on the financial institution’s Navelim department on Saturday with the Margao the city police registering an offence against 12 accused persons.
Police assets said the manager of the financial institution’s Navelim department Om Prakash Bhagat lodged a grievance with the Margao the city police.
12 persons booked for financial institution fraud offence
The grievance states that Shanu Lotlikar, an authorized valuator of the financial institution, qualified faux gold ornaments product of yellow metal produced through 11 persons — they have got been named as accused along with Lotlikar — as authentic gold ornaments, for loan for availing gold loan from the financial institution between May 2017 and July 2018. The financial institution was thus cheated to the tune of Rs 68 lakh, police assets said.
The police have booked an offence against 12 accused along with Lotlikar beneath fees of conspiracy to cheat the financial institution.
Police assets said the manager of the financial institution’s Navelim department Om Prakash Bhagat lodged a grievance with the Margao the city police.
12 persons booked for financial institution fraud offence
The grievance states that Shanu Lotlikar, an authorized valuator of the financial institution, qualified faux gold ornaments product of yellow metal produced through 11 persons — they have got been named as accused along with Lotlikar — as authentic gold ornaments, for loan for availing gold loan from the financial institution between May 2017 and July 2018. The financial institution was thus cheated to the tune of Rs 68 lakh, police assets said.
The police have booked an offence against 12 accused along with Lotlikar beneath fees of conspiracy to cheat the financial institution.
Another BoI branch falls for Rs 68 lakh fake gold
![Another BoI branch falls for Rs 68 lakh fake gold]()
Reviewed by Kailash
on
January 28, 2019
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