A gang involved in duping financial institutions through fake gold has been exposed in Akola. The Khadan police arrested three individuals, while the primary suspect remains at large. In total, assets worth Rs2.37 lakh have been seized by authorities.
The fraud was discovered at the Vidyanagar branch of Muthoot Finance, where Ashutosh Paraskar, Yash Uike, and Chetan Avatade attempted to secure a loan by pledging counterfeit gold. The company’s officials, however, grew suspicious during the verification process and alerted the Khadan police, who swiftly took action.
The investigation later revealed that Rohit Ashok Gogte was the mastermind behind the scam. He had previously secured loans from the same company using fake gold. Police suspect that Gogte may have scammed several financial institutions.
Inspector Manoj Kedare confirmed that a dedicated team is working to locate the main suspect. Authorities are also investigating the possibility of other individuals being involved in the operation.
