Bhubaneswar

4 take loan on fake jewellery, held in R'kela

PNS

Four persons, including a gold valuator, were arrested and forwarded to court by Rourkela police on Saturday allegedly in a loan forgery case.

Three arrested persons had reportedly borrowed loan amount of about `37 lakh from IDBI bank allegedly pledging fake gold ornaments and getting certified from the gold valuator of the company as original gold. After receiving a complaint from regional manager of IDBI bank recently, Ragunathpalli police arrested all three borrowers and the gold valuator here on Saturday.

The arrested were identified as Rama Chandra Apat, Krishna Kumari Apat and Bablu Sahu. They had submitted various gold ornaments, which as per the norms of the bank was evaluated by one Nagendra Prasad Sahu, certified gold valuator of the bank, following which the amount was released by the bank. These persons had reportedly initially cleared partial amount but later became defaulter. Regional manager Sandeep Kumar Pattnaik in his FIR also mentioned that when they did not get any response from the borrowers, they cross checked the gold ornaments deposited with them, but they were surprised to know that the ornaments were imitation materials.

“After registering a case, we arrested all three borrowers and the gold valuator and forwarded them to court on Saturday,” said Zone-II, Rourkela DSP TK Jena.