Wednesday, March 18


Chhatrapati Sambhajinagar: The MIDC Waluj police on Monday have registered a case against branch manager (35) of one of the leading gold loan companies for allegedly duping the firm of Rs 11.9 lakh in Dec last year.“The suspect created a fictitious customer and submitted a fake loan proposal via him. The suspect then approved the fake gold deposited by the customer as pure and sanctioned the loan,” police sub inspector Raosaheb Kakad said.While the related transactions took place on Dec 27 last year, the gold loan firm noticed the irregularity recently following which a complaint was lodged with MIDC Waluj police on Monday.Along with the manager, a case has also been registered against the dummy customer, police said. The police have invoked Sections 316(4) (criminal breach of trust committed by a clerk or servant), 316 (2) (General criminal breach of trust) and 3(5) (criminal act by several persons in furtherance of a common intention) of the Bharatiya Nyaya Sanhita (BNS).



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