Archive · 25 Jul 2026
Businessman Duped in Fake Gold Deal
A businessman named Narendra Singh was tricked by his former business partner, Naveen Shrivastava, and another man, Anil Singh.
They promised to sell him gold at a very cheap price.
Narendra gave them ₹16 lakh in cash, but the gold he received was fake.
When he checked, he found out the gold biscuits were not real.
He then went to the police.
The police have started investigating and have registered a case against the two men.
They are also checking if these men have done similar tricks before.
A businessman was duped of ₹16 lakh in a fake gold deal in Bhopal.
The accused offered gold at ₹70,000 per tola, below market price.
The victim received 200g of fake gold biscuits.
The accused exploited a long-standing business relationship to gain trust.
Police have registered a case and are investigating similar past frauds.
- Who
- Narendra Singh (victim), Naveen Shrivastava and Anil Singh (accused)
- What
- A businessman was duped in a fake gold deal
- When
- Tuesday (specific date not mentioned)
- Where
- Bhopal, Madhya Pradesh
- Why
- The accused exploited a long-standing business relationship to gain trust and offered gold at a below-market price.
Victim's Perspective
Accused's Perspective
Legitimacy of the Gold Deal
Victim's Perspective
The gold biscuits were fake, as confirmed by examination.
Accused's Perspective
The accused may claim the gold was genuine or deny involvement.
- Victim
- Narendra Singh
- Accused
- Naveen Shrivastava and Anil Singh
- Amount Duped
- ₹16 Lakh
- Location
- Bhopal, Madhya Pradesh
- Date of Incident
- Tuesday (specific date not mentioned)
- Place of Incident
- Rajora Farm House, Khajurikala
- Gold Price Offered
- ₹70,000 per tola
- Gold Received
- 200g of fake gold biscuits