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2 arrested in Thane for cheating firm with fake gold of over Rs 4 lakh

The jewellery was later found to be fake, following which the company's branch manager approached the police, an official from Badlapur police station said

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Photo for representational purpose. Pic/ istock

Photo for representational purpose. Pic/ istock

Two men allegedly cheated a gold loan company of over Rs 4 lakh by mortgaging fake jewellery in Maharashtra's Thane district, police said on Wednesday. 

The duo mortgaged the jewellery between September and October last year and took a loan of Rs 4,38,500 against it from the Muthoot Fincorp's branch in Badlapur town. 

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