Jewellery Proprietors Arrested in Multiple Gold Investment Fraud Cases

Four brothers who ran a jewelry store in Ernakulam have been arrested in multiple cases of investment fraud.

They ran a gold investment scheme where people invested money with the promise of receiving gold without labor charges.

However, the scheme failed, and the investors did not receive the promised returns.

The police have received over 100 complaints and are charging the brothers with criminal breach of trust and cheating.

Their bail applications have been rejected in several cases.