A Rs 7.31 crore fraud was exposed at Canara Bank’s Jalna branch involving stolen gold loan ornaments replaced with fake jewellery. Two arrests were made, with staff and a gold appraiser accused of fraud, negligence, and conspiracy under investigation
Officials state that jeweller duo Rajendra Soni and Gaurav Soni allegedly passed off polished silver chains as gold and sold Rs 300 moissanite stones as expensive diamonds, complete with fake certificates.
