Udupi, Aug 1, 2015 : A man from Pandubettu here has been arrested by the police in Bengaluru on the charges of availing loan from a private gold loan finance company by pledging fake jewels.
The accused identified as Abdul Majeed (32) had availed a loan of Rs 93,000 from Manappuram Gold Loan Finance by depositing gold ornaments weighing 48.6 grams which were later found to be fake.
Soon a complaint was filed in Udupi as well as Malpe police stations on July 26 and the accused was traced by the police on July 28 near the Anand Rao Circle in Bengaluru.
The police have brought the accused Majeed to Malpe. He has been produced before the court which has now remanded him to judicial custody.