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Major Gold Loan Fraud: Farmer's 128g Pledged Gold Auctioned by Bank Before Repayment Attempt - Rajasthan News
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Major Fraud: Farmer's 128g Gold Auctioned by ICICI Bank Without Notice in Tonk
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News18
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21-02-2026, 20:30
Major Fraud: Farmer's 128g Gold Auctioned by ICICI Bank Without Notice in Tonk
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A farmer in Tonk accused ICICI Bank of fraud after his 128 grams of pledged gold was auctioned without notice.
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The farmer had taken a gold loan of 252,000 rupees in 2024 and went to repay it, only to be told his gold was already sold.
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He alleges the bank provided no notice, phone call, or written information before auctioning his gold.
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Kotwali police arrived at the bank following an uproar, and the farmer has filed a written complaint against the bank.
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The incident has raised concerns among other gold loan customers, prompting increased caution regarding documents and terms.
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