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 fak

Police alleged that after the medical examination, instead of sending Wadhwa back to Model Jail per rules, the escorting officers took him to City Hotel, where he allegedly met his two sons.

The Enforcement Directorate is investigating 32 bank fraud cases with 54 absconding accused. Proceedings under the Fugitive Economic Offenders Act have been launched against 27 individuals. Assets worth over Rs 840 crore have been confiscated after nine were declared offenders. Unclaimed bank deposits transferred to