Archive · 31 Jul 2026
Extramarital Affair Sparks Rs 3-Crore Gold Loan Fraud
Pankaj Kumar worked at a company that gives gold loans in Delhi.
In 2015, he got a wrong phone call from a woman and they started a secret relationship.
He was already married with two kids, so he had to find a way to give money to the woman.
He took money from his company and used it to pay her, which is illegal.
Over six years, he stole more than Rs 3 crore.
He was caught and arrested on July 7.
The woman’s bank accounts received about Rs 90 lakh in many transfers.
The case shows how a personal problem can lead to big financial crimes.
The company and the law are now dealing with the fallout.
Pankaj Kumar, a gold appraiser at Sai Corporation NBFC in Delhi, was arrested on July 7 for a gold loan fraud.
The fraud involved siphoning more than Rs 3 crore from the company over six years.
The scheme began after a wrong‑number call in 2015 that led to an extramarital affair with a woman.
Pankaj transferred about Rs 90 lakh to bank accounts linked to the affair partner in multiple transactions.
He was married with two children, and the affair made it difficult to support both families on his salary.
- Who
- Pankaj Kumar, a gold appraiser at Sai Corporation
- What
- Gold loan fraud involving siphoning more than Rs 3 crore
- When
- Fraud spanned six years, with arrest on July 7
- Where
- Delhi, India
- Why
- Extramarital affair made it difficult to support both families on his salary
- Arrest Date
- July 7
- Fraud Amount
- More than Rs 3 crore
- Company
- Sai Corporation (NBFC)
- Duration
- Six years
- Transferred Amount
- Rs 90 lakh