Team Herald
PANJIM: Two persons have been arrested by the Economic Offences Cell for conspiring and misappropriating almost Rs 2.63 crore against gold loans.
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A complaint of cheating and misappropriation was filed by the bank manager of UCO Bank, Verna branch stating that gold valuer Hemant Raikar from Seraulim and Gundu Yallapa Kevlekar have cheated the bank.
The Economic Offences Cell, Altinho Panjim has registered an offence against the accused. Hemant from Per Seraulim, Colva, who is the goldsmith valuer/appraiser of the said bank, hatched a criminal conspiracy with Gundu Yallappa, from Mugali, Sao Jose de Areal, Curtorim and obtained gold loans from the UCO Bank branches, at Verna, Fatorda and Margao in the name of different loanees for the tune of Rs 2,63,07,280 by collectively pledging fake yellow metal in the form of gold ornaments.
Both the accused persons are placed under arrest. Police Inspector Ramesh Shirodkar, EOC Police Station, Panjim is conducting further investigations.
