Archive · 2 Oct 2025
Fake Jewellery Used in Rs 28 Lakh Loan Scheme
Two people, Ritu and Rajan, tricked a credit society into giving them loans.
They did this by pretending that fake jewellery was real gold and using it to get money.
The crime happened over a few months, and they received a total of Rs 28.30 lakh.
The credit society eventually found out the jewellery was fake.
Now, the police are involved and have registered a case against them for cheating.
Two individuals are accused of cheating a co-operative credit society.
They secured loans using imitation jewellery as collateral.
The fraud amounted to Rs 28.30 lakh.
The crime took place in Bhiwandi, Thane district.
The police have registered a case under relevant sections of the law.
- Who
- Ritu Sandeep Singh and Rajan Shukla
- What
- Cheated a co-operative credit society by using imitation jewellery as collateral for loans.
- When
- The crime occurred between July and September 2025.
- Where
- Bhiwandi, Thane district.
- Why
- To obtain loans by deception.
- Accused
- Ritu Sandeep Singh, Rajan Shukla
- Crime
- Mortgaging imitation jewelry for loans
- Amount of Fraud
- Rs 28.30 lakh
- Location
- Bhiwandi, Thane district
- Period
- July to September 2025
- Charges
- Cheating, common intention