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Jeweller held for selling fake gold worth Rs 2.5 crore for bank loan in Beed
Updated On: 07 November, 2025 04:14 PM IST | Beed (Maharashtra) | mid-day online correspondent
The accused, a resident of Pandit Nagar in Beed, was arrested from his newly opened jewellery shop in Dehugaon near Pune district in Maharashtra on Thursday, an official said
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The suspect was held when a tip off was received by the Beed police about his presence in Pune, an official said. Representational Pic/File
A jeweller from Maharashtra's Beed district was arrested for allegedly defrauding at least 16 customers of Rs 2.5 crore by providing fake gold ornaments that were used to secure loans from a bank, said on Friday, reported the PTI.
The accused identified as Vilas Udawant, a resident of Pandit Nagar in Beed, was arrested from his newly opened jewellery shop in Dehugaon near Pune on Thursday.
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