Two men allegedly cheated a gold loan company of over Rs 4 lakh by mortgaging fake jewellery in <a href="https://www.mid-day.com/news/india-news/article/mumbai-based-pharma-company-launches-first-nasal-spray-for-covid-19-patients-in-india-23213502" target="_blank" rel="none noopener">Maharashtra</a>'s <a href="https://www.mid-day.com/mumbai/mumbai-crime-news/article/police-arrest-3-for-stealing-silencers-from-cars-in-thane-palghar-districts-23212627" target="_blank" rel="none noopener">Thane</a> district, police said on Wednesday.&nbsp;
The duo mortgaged the jewellery between September and October last year and took a loan of Rs 4,38,500 against it from the Muthoot Fincorp's branch in Badlapur town.&nbsp;
The jewellery was later found to be fake, following which the company's branch manager approached the police, an official from Badlapur police station said.&nbsp;
The Badlapur police on Tuesday registered a case against the accused, identified as Yogesh Jadhav and Sahil, under Indian Penal Code Sections 420 (cheating) and 34 (common intention), the official said, adding that no arrest has been made so far. 
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
 <script async="async" data-cfasync="false" src="//pl23789885.revenuecpmgate.com/7445444aea29efc3d061cbd866026c06/invoke.js"></script>
 <div id="container-7445444aea29efc3d061cbd866026c06"></div>

The jewellery was later found to be fake, following which the company`s branch manager approached the police, an official from Badlapur police station said

2 men arrested in Thane for cheating firm with fake gold of over Rs 4 lakh 

Railway cops bust 'hawala' racket in Mumbai; 1 held, Rs 67.4 lakh seized

The jewellery was later found to be fake, following which the company's branch manager approached the police, an official from Badlapur police station said

2 men arrested in Thane for cheating firm with fake gold of over Rs 4 lakh

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / Mumbai / Mumbai Crime News / Article / 2 men arrested in Thane for cheating firm with fake gold of over Rs 4 lakh

2 men arrested in Thane for cheating firm with fake gold of over Rs 4 lakh

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast