A fraud case has been registered against five people, including the manager of Union Bank’s Krishnanagar branch in Mathura, following a court order. The police have initiated an investigation into the matter.
Gold Auction Turns into Fraud
According to Inspector Devpal Singh Pundir, the case was filed based on a complaint by Devesh Kumar Sisodia, a resident of Sounkh Road, Sukhdev Nagar. Sisodia alleged that on August 14, 2024, he participated in an auction of gold jewelry organized by the bank in Krishnanagar.
During the auction, Sisodia purchased:
- Two gold bracelets (70.30 grams)
- A gold necklace
- A gold locket
- Two earrings (63.610 grams)
Allegations of Misrepresentation
Sisodia claimed that Chandrashekhar Agarwal, a resident of Kolhai Gali, Shahganj (Agra), and his son Indrakumar Agarwal were present at the auction with two other associates. Before the bidding, Chandrashekhar and Indrakumar allegedly assured him that the gold was of 22-carat purity.
However, when he got the jewelry tested by a goldsmith, he discovered that the gold was only 4-carat, far lower than what was promised. The actual market value of the gold was just ₹1.5 lakh, much lower than its perceived worth.
Bank Manager Denies Responsibility
Upon realizing he had been cheated, Sisodia approached Union Bank Manager Braj Mohan Meena to report the fraud. However, Meena denied any responsibility on behalf of the bank, stating that there was no negligence on their part.
Legal Action and Investigation
After failing to get a response from the bank, Sisodia filed a complaint with the police. When his complaint was not addressed, he took the matter to court, which then ordered the police to register a fraud case.
The police have now launched an investigation into the incident to determine the involvement of the accused individuals and the bank’s role in the auction.
