The Commissionerate Police on Thursday arrested one Balaram Martha of Nayagarh district in connection with a fraud case.
According to reports, Martha had purchased gold weighing 450 gm worth Rs14.60 lakh from HM Jewellers of the city a few days ago. During the purchase, the jewellery shop owner told Martha to deposit Rs13 lakh curtailing the discount amount. Martha deposited the entire amount in bank cheques, which later bounced. When the shop owner told the buyer about the checque bounce, Martha said he would deposit all the money in cash. later, Martha mortgaged all the gold in a financial firm in the city and got Rs8.60 lakh. Out of the total amount, he deposited only Rs7 lakh and requested the shop owner to give some time to deposit the rest Rs6 lakh.
The shop owner finally agreed to the proposal of Martha. But when the buyer didn’t turn up in time and avoided phone calls several times, the shop owner lodged a complaint with the Kharavel Nagar police on October 13. The police arrested the accused and produced him before a local Court.