India News | Case Against 2 Men for Cheating Gold Loan Firm of over Rs 4 Lakh in Thane
Get latest articles and stories on India at LatestLY. Two men allegedly cheated a gold loan company of over Rs 4 lakh by mortgaging fake jewellery in Maharashtra's Thane district, police said on Wednesday.
Thane, Feb 9 (PTI) Two men allegedly cheated a gold loan company of over Rs 4 lakh by mortgaging fake jewellery in Maharashtra's Thane district, police said on Wednesday.
Also Read | Reliance-FRL Merger: Supreme Court Notice to Future Group on Plea of Amazon.
The duo mortgaged the jewellery between September and October last year and took a loan of Rs 4,38,500 against it from the Muthoot Fincorp's branch in Badlapur town.
Also Read | Karnataka Hijab Row: Situation Remains Tense, 15 Arrested After Reports of Violence.
The jewellery was later found to be fake, following which the company's branch manager approached the police, an official from Badlapur police station said.
The Badlapur police on Tuesday registered a case against the accused, identified as Yogesh Jadhav and Sahil, under Indian Penal Code Sections 420 (cheating) and 34 (common intention), the official said, adding that no arrest has been made so far.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)