The staff of a nationalised bank’s branch at Navghar, Bhayander have found the hard way that ‘all that glitters is not gold.’ A Bhayander resident allegedly duped the bank four times by mortgaging fake gold, and getting a loan of more than Rs 11 lakh for it in July and August. The total loan he received was Rs 11,02,000.

The Navghar police are trying to find whether the bank-appointed jewellers to verify the gold were hand-in-glove with the accused. No arrests have been made so far and they are looking for the accused.