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4 arrested for cheating banks, co-op societies by pledging ‘30 gram gold’

4 arrested for cheating banks, co-op societies by pledging ‘30 gram gold’


Mangalore Today News Network

Padubidri, Mar 07, 2024: Police have arrested four persons in connection with the case of cheating banks and co-operative societies  of lakhs of rupees by pledging ‘30 gram gold.’ With this the total number of accused arrested in this case has risen to five.

 

Arrested


Thse arrested  are Nitil Bhasker Shet (35), Sanjay Shet (42), Santosh Shet (39)  of Kumta and Kailas Gorada (26) of Belagavi. All of them have been arrested in Belagavi and produced before the court. They have been remanded to 15 days of judicial custody.

Police had earlier arrested Rajeev, a man of Kerala origin and a resident of Kanchinadka near Padubidri in connection with the case.

A machine worth Rs 3.5 lakh used to mark the 916 hallmark seal and computers have been seized from the accused.


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