Fake gold mortgage fraud: Woman duped of Rs 12K in Odisha

A woman became a victim to a fraud involving counterfeit gold jewellery in Reddy Sahi locality under Patapur police limits in Ganjam district, on Wednesday.

The victim identified as Kalyani Reddy reported that an unknown woman visited her house in the afternoon seeking a loan and offering a gold ornament as collateral. Despite initial hesitation, Kalyani agreed and provided her with Rs 12,000 in return for the jewellery.

Also Read: Licences of 5 jewellery shops cancelled for selling fake gold: Odisha Minister

“A woman approached me for money and gave me a fake gold ornament as a mortgage. Later, when I went to a jewellery shop to verify the ornament’s purity, the shop owner said it to be an impure one,” Kalyani expressed to OTV.

Upon later examination, Kalyani realised that the jewellery was counterfeit. In response, she lodged a complaint with the local police.

Authorities are currently investigating the case, reviewing CCTV footage to identify the suspect.

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Worth mentioning, five jewellery shops had to lose their licences, which were previously revoked after they were found to be selling counterfeit gold, Food Supply and Consumer Welfare Minister Krushna Chandra Patra said on December 11 last year.

The five shops were Ambika Jewellers in Kuchinda, Rajashree Jewellers in Kujang of Jagatsinghpur, Suna Chandi Jewellers in Puri, Radhakant Jewellers in Bargarh, and Alankar Jewellers in Sambalpur.