Archive · 26 Sep 2025
Manappuram Bank in Gwalior: ₹4 Crore Gold Scam Uncovered
Imagine some people went to a bank to get their gold back, but the gold wasn't real!
At a Manappuram bank in Gwalior, someone swapped real gold jewelry with fake metal.
This happened to 26 customers, and about 4.38 kg of gold was replaced.
The gold was worth around ₹4.5 crore.
The bank found out during a check-up.
Now, the police are looking into it.
The branch manager and an assistant manager are suspected because they had access to the keys.
Everyone is worried and the police are looking into what happened and why.
A gold scam was discovered at the Dabra branch of Manappuram Finance Limited in Gwalior.
Customers' gold ornaments worth ₹4.5 crore were replaced with fake metal.
Around 4.38 kg of real gold belonging to 26 customers was affected.
The scam came to light during the company's internal audit.
The branch manager and assistant manager are under suspicion.
- Who
- Customers, Branch Manager, and Assistant Manager.
- What
- Gold ornaments were replaced with fake metal.
- When
- The scam was discovered during an internal audit.
- Where
- Dabra branch of Manappuram Finance Limited in Gwalior.
- Why
- The reason for the scam is currently under investigation.
- Event
- Gold Scam
- Location
- Dabra branch, Gwalior, Madhya Pradesh
- Bank
- Manappuram Finance Limited
- Amount of Gold Replaced
- 4.38 kg
- Estimated Value
- ₹4.5 crore
- Suspects
- Branch Manager Chandrabhan Kushwaha, Assistant Manager Vikas Sharma