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Two Gold Loan Fraud Cases in Two Banks in Shimla


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Shimla, Himachal Pradesh, has reported two separate cases of fraud involving gold loans with UCO Bank and ICICI Bank. The combined amount of the fraud exceeds ₹59 lakh, and police have registered cases against six individuals based on complaints from bank officials.

UCO Bank Fraud Case

According to a complaint filed by UCO Bank manager Gurpreet Singh, five individuals secured a gold loan amounting to ₹55,45,500 from the bank. Despite repeated reminders and notices, the accused failed to repay the loan. The bank has accused Vasudev Pathak, Basant Lal, Vikas Kumar, Ankita, and Chandra Das of fraud.

ICICI Bank Fraud Case

In a separate incident, ICICI Bank manager Manish Sharma reported a fraud involving ₹3,83,400. The accused, identified as Surendra Kalta, had taken a loan for purchasing gold but did not repay the amount despite repeated notices from the bank.

Based on the complaints from the two bank managers, the police have registered cases under sections 420 (cheating) and 120B (criminal conspiracy) of the Indian Penal Code (IPC). A total fraud of ₹59,28,900 has been committed in these two cases.

The police have launched an investigation and are actively searching for the six accused individuals. Further updates on the case are awaited.

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