Mumbai Woman Duped: Gold Ornaments Sold After Loan Repayment, Moneylender Booked
Mumbai
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News1811-01-2026, 12:59

Mumbai Woman Duped: Gold Ornaments Sold After Loan Repayment, Moneylender Booked

  • A Mumbai woman was defrauded after her 48 tolas of gold ornaments, given as collateral for a loan, were sold without her knowledge.
  • The complainant, a businesswoman from Bhandup, needed 20 lakh rupees urgently for a GST payment and was introduced to moneylender Lalit Hathi.
  • She mortgaged her gold ornaments with Hathi for a 20 lakh rupee loan and paid 25,000 rupees monthly interest from January to August 2025.
  • After repaying the full loan amount, Hathi procrastinated returning the gold, and it was later discovered he had sold them.
  • Kanjurmarg police have registered a case against Lalit Hathi, who runs a moneylending business, and are investigating the matter.

Why It Matters: A Mumbai woman's gold collateral was illegally sold by a moneylender despite full loan repayment.

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