Malad Police have filed an FIR against six persons who allegedly defrauded a bank by securing a loan amounting to nearly Rs 39 lakhs using counterfeit gold as collateral. The case was registered based on the complaint filed by the bank's manager. The accused in the case were identified as Sapna Bhatt (Gold evaluator), Shami Khatri, Jayendra Jadhav, Rafat Khatri, Yash Parekh and Jalpaben Parekh. 

Police sources said that the accused persons had fraudulently obtained loans totalling Rs 38.80 Lakhs and have been booked under various sections of the Indian Penal Code including cheating and conspiracy.