Published On : Thu, Jun 1st, 2017

Gold valuer, another man booked for defrauding bank

A gold valuer and another man have been booked on the charges of mortgaging fake gold in a cooperative bank and procuring loan.

A resident of Trimurti Nagar, the accused gold valuer Pravin Suresh Rotkar (39) works with Arvind Sahakari Bank situated at Radke Layout, Hingna Road, MIDC. On Wednesday, Rotkar, in connivance with another accused Naresh Umakant Umale (44) of Trimurti Nagar, certified fake gold as genuine and mortgaged it with the cooperative bank with the intention of procuring a loan. The cheating and betrayal on the part of accused gold valuer came to the notice of the bank. A complaint in this regard was lodged with MIDC police.

API P M Kale has registered a case against the two accused under Sections 406, 420, 511, 34 of the IPC. Further probe is underway.