Fraud in name of Gold loan: Rs 59 lakh defrauded from UCO, ICICI Banks in Shimla

The police have filed cases and begun investigations.

Shimla: Fraud cases under the name of gold loans have come to light at two major banks in Shimla, Himachal Pradesh. A total of over 59 lakh rupees have been defrauded from the UCO Bank and ICICI Bank in the region. Bank officials have filed complaints with the police against six individuals.

The police have filed cases and begun investigations. According to the complaint by UCO Bank manager Gurpreet Singh, five individuals took a gold loan of 55 lakh 45 thousand 500 rupees from the bank. Despite repeated notices, the accused did not repay the money. A fraud case has been registered against the accused – Vasudev Pathak, Basant Lal, Vikas Kumar, Ankita, and Chandra Das.

In another case, ICICI Bank manager Manish Sharma filed a complaint with the police against Surendra Kalta. The accused Surendra took a loan of 3 lakh 83 thousand 400 rupees from the bank to buy gold. Despite repeated notices from the bank, the accused failed to repay the loan amount. The bank officials have filed a complaint against the accused with the police.

On the basis of the complaints from both bank officials, the police have registered cases against 6 accused under sections 420 (fraud) and 120B (criminal conspiracy) of the Indian Penal Code and have begun their investigation. A total of 59 lakh 28 thousand 900 rupees have been defrauded from both banks. The police are searching for the accused.