Appraiser of private bank among three held for ₹1.5 crore gold loan fraud

The prime accused, along with his associate, allegedly colluded with the bank appraiser to run the racket. | Photo Credit: Getty Images The Peenya police have detained a gang of three, including the appraiser of a private bank, for allegedly defrauding the bank of nearly ₹1.5 crore by sanctioning gold loans against fake jewellery using bogus accounts.The prime accused, along with his associate, allegedly colluded with the bank appraiser to run the racket.According to the police, the accused conspired to create fake bank accounts in the names of acquaintances. The prime accused allegedly lured people into opening accounts by offering them money, claiming their jewellery would be pledged for loans.He allegedly colluded with the appraiser, who was responsible for verifying pledged gold, and t