Three persons convicted of pledging fake gold at cooperative banks
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A local court in Udupi convicted three persons in three cases related to getting a gold loan from three cooperative banks by pledging fake gold ornaments and one case of attempting to pledge fake gold in a cooperative bank.
K.P. Suresh from Someshwara-Kotekar near Mangaluru was convicted in one case, while P.V. Raju from HBR Layout in Bengaluru and Rajesh from Ramanagaram were convicted in two case of pledging and one case of attempt to pledge fake gold.
Suresh was accused of pledging four fake gold bangles and availing a ₹41,500 loan from the Udupi-based Narayana Guru Urban Cooperative Bank on July 17, 2010.