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Pune Bank Fraud: Fake Gold Collateral Secures Lakhs in Loans, Officials Shocked by Truth
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Pune Bank Fraud: Fake Gold Pledged for Lakhs in Loans, Valuer Colludes
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News18
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23-02-2026, 14:09
Pune Bank Fraud: Fake Gold Pledged for Lakhs in Loans, Valuer Colludes
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Prerana Co-operative Bank in Dhayari defrauded of 7.44 lakh rupees using fake gold as collateral.
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A gold appraiser, Laxman Patil, colluded with borrowers Ganesh Adling and Shashikant Godge.
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Patil issued fake certificates confirming the authenticity of the gold, leading to loan approvals.
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Fraud occurred between March 28, 2025, and June 25, 2025, at the bank's Dhayari branch.
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The fraud was exposed when loan repayments were missed and a re-examination revealed the gold was fake.
Read Full Article on News18 in Marathi
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