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Mumbai: Accused in fake gold scam seek anticipatory bail

Accused who are bank evaluators ‘certified counterfeit gold as genuine’, enabling loans worth crores

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Loans worth Rs 1.78 crore were certified by the evaluators

Loans worth Rs 1.78 crore were certified by the evaluators

Four evaluators from a nationalised bank, allegedly involved in a fake gold loan scam, where fake gold was used to obtain loans, have approached the high court seeking anticipatory bail. The evaluators are accused of certifying counterfeit gold as genuine, enabling the fraudulent loans.

Meanwhile, four of the 12 accused scam beneficiaries have already secured anticipatory bail from the session’s court. One accused was arrested on Saturday, while the others remain at large.

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