The Dauji Road branch of the State Bank of India (SBI) in Bikaner has filed a case against a customer and a goldsmith for using forged documents and giving false gold valuations under a gold loan scheme. Police have named both accused and started an investigation.
SBI branch manager Manpreet Singh told the police that Shrikant Chawaria, a resident of Ambedkar Chowk in the Pabu Bari area, had taken a gold loan. During the loan process, the actual quantity of gold was found to be less than what he had claimed. He also submitted fake valuation documents showing incorrect weights.
An FIR has also been registered against goldsmith Sanjay Soni. The gold weight and value reported by him were also found to be false. The bank said that his incorrect report led to the fraud, so he is also equally responsible.
The branch manager named both Shrikant Chawaria and goldsmith Sanjay Soni in the FIR. Police have registered the case and assigned the investigation to ASI Rakesh. Both accused have been questioned.
Gold Loan is a very easy loan but has some high risks. Banks provide Gold Loan to Customers digitally in a few minutes but if the Gold turns out to be Fake then it becomes a big issue of fraud. Now-a-days, Banks are totally dependent on the report of Goldsmith. If Goldsmith approves the Gold then Banks consider the loan for processing. Here is a big risk. If Goldsmith is not honest then it might lead to fraud.
Banks need to find out a solution for this because the number of gold loan frauds is increasing day by day. Banks should not be totally dependent on the report of Goldsmith for Gold Loan appraisal.
-
-
-
-
-
-
