Udupi man arrested in Bengaluru for pledging fake jewels to avail loan

www.mangaloretoday.com

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.