Two booked for duping Pune gold loan company by submitting fake ornaments

PUNE The Pimpri-Chinchwad police on Friday booked two men for duping a gold loan provider company by submitting fake gold ornaments

PUNE The Pimpri-Chinchwad police on Friday booked two men for duping a gold loan provider company by submitting fake gold ornaments.

The Pimpri-Chinchwad police on Friday booked two men for duping a gold loan provider company by submitting fake gold ornaments. (REPRESENTATIVE IMAGE)

A complaint in the matter was lodged by an employee of the company. The company had provided the loan to two men on July 2, 2021. The terms of repayment required the men to repay the loan by Friday. However, as they failed to do so, the company found that the gold that they had submitted had a thick gold-like layer but was not made of gold entirely. The two owe ₹2,01,044 to the company.

A case under Sections 406 (criminal breach of trust), 420 (cheating), and 34 (common intention) of Indian Penal Code was registered at Talegaon Dabhade police station.