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Five booked for duping finance company of Rs 25.96 lakh using fake jewellery in Thane
Updated On: 28 May, 2026 03:05 PM IST | Thane | mid-day online correspondent
Five persons have been booked in Maharashtra’s Thane district for allegedly cheating a finance company of Rs 25.96 lakh by mortgaging fake jewellery and obtaining loans against it. The fraud came to light during verification, police said, adding that a probe is underway
The company approached police on Tuesday, though it was not immediately clear when it first detected the alleged fraud. Representational pic
A finance company has alleged that five persons cheated it of Rs 25.96 lakh by mortgaging fake jewellery and availing loans against it in Maharashtra’s Thane district, news agency PTI reported, quoting the police on Thursday.
As per an FIR registered at Vitthalwadi Police Station in Ulhasnagar on Wednesday, the alleged fraud was committed last year.
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