4 months ago
1
Two persons, including a manager of a company, were arrested by the Central Crime Branch connected charges of cheating. The constabulary said they obtained 1,899 g (238 sovereigns) of golden jewellery from a antheral by promising ‘high-value’ golden loans astatine a debased involvement rate.
According to the police, Ganesh, who runs a backstage automotive institution successful Moulivakkam, had approached Surender, the proprietor of a backstage steadfast called GSN, located in Nungambakkam, and its directors Kaja Moideen Bashith and others, seeking fiscal assistance to redeem his household jewellery weighing 1,899 g that was pledged successful a bank.
The accused allegedly assured him that they would supply a higher golden indebtedness magnitude astatine a debased involvement complaint and, aft redeeming the jewellery, would pledge it astatine their institution with involvement astatine 1.15% per month, on with an further magnitude of ₹30 lakh.
Believing their assurances, Ganesh redeemed the jewellery, which was pledged for ₹1.02 crore astatine the bank, and successful March 2025, pledged the golden astatine the accused’s backstage company. After adjusting the indebtedness amount, the accused paid him an further ₹16 lakh. They besides allegedly deducted ₹1.75 lakh arsenic committee and ₹75,000 arsenic work charges. However, the accused failed to wage the further magnitude promised for the jewellery.
When Ganesh aboriginal stated that helium was consenting to repay the full indebtedness magnitude with involvement and demanded the instrumentality of his jewellery, the accused refused to instrumentality it.
After investigation, the constabulary arrested the accused Surender, 37, of Chetpet, and Kaja Moideen Bashith, 36, of Choolaimedu.
