Person accused of availing ₹13.19 lakh loan by pledging fake gold with Bank of Maharashtra in Udupi

The manager of Bank of Maharashtra’s Brahmagiri subdivision successful Udupi has filed a ailment accusing 1 Puneet Anand Kotian of availing 2 golden loans worthy ₹13.19 lakh by pledging fake gold.

In the ailment filed astatine Udupi Town Police connected Monday, November 3, Abhishek Gowda, the manager, said that Puneet pledged 50 gms of golden ornaments and took a indebtedness of ₹3.2 lakh connected June 18. He pledged 177.4 gms of golden ornaments and took different indebtedness of ₹9.9 lakh connected July 2.

After learning astir the accused pledging fake golden ornaments and taking loans from antithetic banks, Mr. Gowda got the ornaments checked and recovered that they were fake, helium stated successful the complaint.

The Udupi Town Police registered the ailment for offences punishable nether Sections 316(2) and 318(4) of Bharatiya Nyaya Sanhita.