Tarun Karthick
Sri Vijaya Puram, 14 January 2025
A well established Non-Banking Finance Company (NBFC) has filed a police complaint alleging that a woman from South Andaman defrauded the company of Rs. 20 lakh under the pretense of securing a gold loan. The complaint was lodged at Pahargaon Police Station on January 8, 2025, by the firm’s regional manager. The FIR was registered by PS Pahargaon on 13th January 2025.
According to the complaint, the accused approached the NBFC’s Prothrapur branch on January 7, claiming she had pledged 446.8 grams of gold ornaments with a bank branch. She reportedly expressed dissatisfaction with the bank’s service and requested a loan from the NBFC to repay the bank and retrieve her gold ornaments.
The accused allegedly persuaded the NBFC’s representatives to transfer Rs. 20 lakh directly into her bank account, promising to redeem the gold and repledge it with the NBFC the next day. The company confirmed the existence of the pledged gold with the bank before processing the loan. However, on January 8, the accused failed to return to the branch as agreed. Subsequent attempts to contact her were unsuccessful, as her phone was switched off.
The NBFC claims the accused had a dishonest intention from the outset and misappropriated the funds, causing a loss of Rs. 20 lakh. They requested legal action for criminal breach of trust, cheating, and misappropriation, and are seeking recovery of the amount.