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

Mumbai
N
News18•11-01-2026, 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.
✦
More like this
Loading more articles...





