Accused Arrested for Depositing Fake Gold to Commit Fraud

Madikeri, Aug. 2: The Mattanur police have arrested Mohammed Rizwan (37), a native of Napoklu, in connection with the case of attempting to defraud by depositing fake gold at the Mattanur Nagar Cooperative Bank in Chalode, Kannur district.

The accused has been arrested under the jurisdiction of Napoklu police station. Kannur City Police Commissioner B.V. Vijay Bharat Reddy (IPS), Koothuparamba ASP C.B. Tom and Inspector K.R. Biju, a team led by Sub Inspector Fairuz Mohammed conducted an operation and arrested the accused.

A case was registered on the complaint of bank officials while trying to deposit fake gold ornaments at the Mattanur Nagar Cooperative Bank in Chalode and an investigation was initiated. Nitin and Vishnu have already been arrested in this case, and later the main conspirator, K.P. Navas of Peruvalattuparamba, was also taken into custody by the police.

The role of Mohammed Rizwan came to light when the details of the bank transactions and mobile calls of the accused were examined. According to the investigation, it was found that Rizwan had given eight gold bangles and Navas ten bangles to Nitin. The police had earlier seized three bangles and it is suspected that the remaining bangles were deposited in various banks.

Since the fake jewellery was made by mixing gold, it was difficult to detect them during a normal inspection. Fake bangles worth about 30 thousand were deposited and loans of up to Rs. 1 lakh each were obtained, and through this, a total financial fraud of about 11 lakh was suspected. Similar cases have already been registered against Rizwan, who runs a business in Kodagu, at Madikeri and Virajpet police stations. Mattanur police are continuing their investigation into the case.

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