Gold Tampered Inside Bank? Canara Bank Mysuru Branch Faces Serious Gold Loan Scam Allegations
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A disturbing gold loan fraud allegation has surfaced at a Canara Bank branch in Mysuru, leaving customers shocked, angry, and worried about the safety of their pledged jewellery.
Several customers from the Hinkal branch have claimed that their gold ornaments were tampered with while kept inside the bank as security for gold loans. The issue came to light when customers redeemed their gold and later checked the ornaments at home.
One customer, Gayathri, said her gold chain weighed 19 grams when she pledged it with the bank. However, after getting it back, the weight had dropped to 16 grams. What shocked her even more was that the chain looked different. Though the weight marking was unchanged, the structure had clearly been altered. The number of gold beads had reduced from 85 to 77, and the chain appeared damaged, with links cut and re-welded, making it unwearable.
Customers allege that the fraud happened during the gold verification process inside the bank. They have accused a gold appraiser named Ashwin, who was engaged by the branch to assess pledged gold, of cheating customers by manipulating the ornaments during inspection.
The situation escalated after media channels aired a report on the alleged fraud. Following the broadcast, police registered an FIR against Ashwin at the Vijayanagar Police Station. The news channels have also reportedly accessed a video that reportedly shows gold ornaments being welded, further strengthening claims of tampering.
Even today, angry customers gathered at the bank, demanding their original gold back and seeking justice. Bank staff were seen closing the branch doors and calling customers inside one by one to recheck the pledged gold. The bank management has said an internal review is underway and has asked for time to find out what went wrong and who is responsible.
Customers have also accused some bank staff of colluding with the gold appraiser in the alleged scam. Police investigations are now focused on the weight mismatch, altered jewellery design, and the possible role of multiple people.
The case has raised serious questions about the safety, transparency, and trust in gold loan processes at banks. Customers are now demanding strict action and stronger safeguards to ensure such incidents do not happen again.
