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Conmen cheat financial firm of Rs 1.89 lakh by mortgaging fake jewellery

Mamatha N, a 28-year-old bank manager with IIFL, a financial services company on Mangammanapalya Main Road in Bommanahalli, has alleged that two individuals pledged fake gold jewellery to take a loan of Rs 1.89 lakh.

 

 

However, when they did not pay any interest on the loan they had taken, the bank’s auditors examined the jewellery and realised that only the surface was etched in gold and the rest was just cheap metal.

 

The two people alleged to have defrauded the financial firm are Irfan Ali (25), a resident of Koramangala and Mohammed Ghose (32), a resident of Austin Town. They had pledged their ‘gold jewellery’ on August 9, 2018. Their subterfuge came to light six months later, and the firm filed an FIR on February 27, 2019.


The HSR Layout cops have registered a case of cheating and are investigating.

RW News Network

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