Bhopal (Madhya Pradesh): A gold mortgage fraud estimated at greater than Rs 3 crore was reported in a nationalised financial institution in Nainawad of Ujjain district. The Financial Offence Wing (EOW) has registered a case in opposition to seven accused, the officers mentioned right here on Thursday. Lately, a case got here to fore through which a racket was concerned in offering gold loans to the folks, by depositing pretend gold within the financial institution.
The officers mentioned that the financial institution officers got here to know that the department was giving gold loans to greater limits. The financial institution had disbursed the quantity of Rs 4.26 crore from 2020 to October 2023. The financial institution officers made the shock inspection and located that the financial institution had violated a number of norms of gold mortgage scheme. The appointment of the goldsmith was not accomplished in keeping with the norms.
The officers discovered the then financial institution supervisor ignored the norms like three months report verification, credit score inspection, due diligence report on jewel appraiser and few extra. It was learnt that the mortgage was given to 10 outdated account holders and 55 new clients. The goldsmith himself had taken a mortgage of Rs 33.97 lakh from the financial institution.
The every day wage employee of the financial institution additionally took the mortgage of Rs 39.68 lakh. The financial institution officers of their inner investigations discovered that the fraud was accomplished by way of the 65 gold mortgage accounts amounted to Rs 3.10 crore. The EWO has registered the case in opposition to the then managers, Vijay Patidar, Shrikant Saxena, Jitesh Vyas, cashier Kamlesh Kumar, goldsmith Kantilal Soni, every day wages staff Ravi Sen and Vishal Sen. The EOW officers added that extra names will likely be added within the FIR.
