Manappuram Finance has filed a case against its Ghatkopar branch manager for replacing pawned gold with imitation jewellery; suspect believed to have left the city.
For the institutions offering higher education, lack of financial and infrastructural resources and quality teaching staff are the foremost challenges.
The accused had availed the loan on the pretext of getting study resources such as books and laptops for his 116 students and had submitted their supporting documents for this, said the police. However, the students had no idea that loans had been taken in their names and claimed that they had not received any of the study resources mentioned.