Bank cheats customer in Gold Mortgage – Replaces real gold with artificial jewellery


A co-operative bank in Noida returned artificial ornaments to a customer who took a loan by pledging real gold jewellery.

The involvement of three bank employees in the replacement of the jewellery has been ascertained.

The victim mortgaged the one-kilo gold jewellery in a sealed packet and placed it in the locker. Once the customer paid off the loan he took back his jewellery only to find the seal broken and the jewellery artificial.

An investigation is underway against the bank.