6 months ago
2
The constabulary connected Monday (October 27, 2025) arrested the manager and jewellery appraiser of the Erode Cooperative Urban Bank Limited for allegedly misappropriating 8.25 kg of pledged golden jewellery.
The cooperative bank, located successful the Municipal Colony country nether the Erode Corporation limits, has been functioning for respective years, with customers pledging their jewellery to avail loans.
On October 24, officials from the bank’s caput bureau visited the subdivision to verify indebtedness accounts. During the inspection, they recovered discrepancies betwixt the pledged golden and the corresponding indebtedness records.
Following this, the officials alerted the Erode Government Hospital Police, who launched an investigation. Preliminary inquiries revealed that Ramesh Kumar, who had been moving arsenic a jewellery appraiser astatine the slope for implicit 15 years, had misappropriated the pledged jewellery successful connivance with slope manager Kathiravan.
Police arrested Ramesh Kumar and, during further questioning, learned that his person Senthil Kumar had besides played a relation successful the offence. The constabulary aboriginal arrested some Kathiravan and Ramesh Kumar, recovered the misappropriated 8.25 kg of golden jewellery, and produced them earlier the court, which remanded them successful judicial custody.
Meanwhile, efforts are connected to hint Senthil Kumar, who is inactive astatine large.
