A gold appraiser has been booked by the Town police for his alleged involvement in supporting a woman and her lady staff to obtain gold loan worth ₹1.69 crore by pawning about 5.6 kg of fake gold ornaments. Police sources said the man had already been interrogated by the special investigation squad and his arrest would be recorded soon.
According to the investigation squad, K.K. Bindu, the prime accused, had employed seven of her lady staff to pawn fake gold ornaments with a nationalised bank in Kozhikode city using their personal bank accounts. Though all the women claimed ignorance of the quality of pawned ornaments, they would be quizzed again along with some other bank staff. Police sources said they had valid reasons to suspect the involvement of some of the bank staff in the incident.
Similar frauds
The Wayanad native who was remanded in judicial custody on Sunday would be taken into custody again for probing her involvement in other similar financial frauds. Some of her…
