Fake Gold Scam: Mumbai Man Loses Rs 25 Lakh; 5 Held

• A Mumbai man was duped of Rs 25 lakh by fraudsters selling counterfeit jewelry.
• The gang claimed to have found gold ornaments during excavation in Nashik.
• Five members of the gang, hailing from Jalore, Rajasthan, have been arrested.
• The victim, Dinesh Mehta, purchased the fake ornaments after a sample appeared to be gold.
• Police recovered Rs 15.45 lakh from one accused, Babulal Waghela, who is a habitual offender.

Why It Matters: It warns readers about a common gold fraud scheme.