Daijiworld Media Network - Udupi

Udupi, Nov 10: The Shirva police have arrested five individuals accused of cheating a bank by pledging fake gold ornaments as genuine to obtain loans. The police also seized Rs 4.3 lac in cash, a laser machine used for forging hallmark stamps, and a computer from the accused.

Following a rise in cases of loan frauds involving counterfeit gold ornaments in Udupi district, the police acted on public complaints and launched a coordinated investigation. Under the supervision of the Kapu circle inspector, three special teams were formed and successfully tracked down the accused from Bengaluru, Goa, Mumbai, and Delhi.

Those arrested have been identified as Puneet Anand Kotian (Ambalpady Kappettu), Sudeep (Laxminagar, Tenkanidiyur), Ranjan Kumar (Enagudde, Kat

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