A case of fraud has been registered at Lakadganj Police Station after two men allegedly cheated Bank of Baroda, Wardhaman Nagar branch, out of ₹5.44 lakh by securing a loan using fake gold ornaments.
According to the police, the complaint was filed by Prakash Durlabhji Malviya (37), the branch manager. The incident occurred between October 20 and 22, 2021, when the primary accused, Sunil Sudhir Maske (33), a resident of Welcome Society, Nara, conspired with Abhishek Prakash Bharne (42) of Suryanagar, Kalamna.
Maske applied for a gold loan at the bank and submitted eight gold bangles, which Bharne falsely certified as 24-carat pure gold on a letterhead of Rohini Jewellers. Believing the jewellery to be genuine, the bank sanctioned a loan of ₹5.44 lakh to Maske.
However, when the loan remained unpaid, the bank conducted a valuation check and discovered that the ornaments were not made of real gold. A formal valuation report confirmed the fraud.
Based on the complaint, Lakadganj police registered a case under Sections 420 and 34 of the Indian Penal Code (IPC) against both accused.
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