Thiruvananthapuram: Two arrested for pawning fake gold

THIRUVANANTHAPURAM: Neyyar Dam police here on Wednesday arrested two men who had allegedly duped several private finance firms by pawning fake gold ornaments. The police identified the accused as Binu, 42, and Vinod 44, of Kottoor.
The police said the two men were arrested based on a complaint filed by a private finance firm at Kuttichal where they tried to pawn gold plated steel bangles. Incidentally, the accused had allegedly pulled out similar fraud in the same finance firm a year ago. Thus, the staff grew suspicious and alerted the police.
The police said that the modus of the accused was to pawn fake gold ornaments and then refrain from repaying the loan. They had allegedly duped several finance firms in Kottoor, Kariyode and Kuttichal regions for the past one year. They mostly targeted small finance firms that do not have the facility to conduct sophisticated tests to check the purity of the ornaments.
Inspector S Bijoy said two more men were involved in the gang and their arrest will be made soon.