Fake gold coin racket: Police say inter-state gang at work

Following the arrest of a man from Nagpur for allegedly duping a retired Naval officer of Rs 5 lakh on the pretext of selling him gold coins he claimed to have found during excavation at a construction site and passing on fakes,the Cantonment police suspect that the man was not alone but was part of an inter-state gang.

Written by Express News Service | Pune | Published:February 3, 2012 1:26 am

Following the arrest of a man from Nagpur for allegedly duping a retired Naval officer of Rs 5 lakh on the pretext of selling him gold coins he claimed to have found during excavation at a construction site and passing on fakes,the Cantonment police suspect that the man was not alone but was part of an inter-state gang.

On January 29,based on a complaint from Commodore (retired) Devendranath Dinanath Sood (63),a resident of Nyati Estate in Mohammawadi,Lashkar police had arrested Ketharam Mansingh Pawar (55) of Nagpur.

PSI Balwant Gavit of Lashkar police station said,“He met Sood on December 29 and pretended to be a labourer. He told Sood he had found some gold coins at a construction site and wanted to sell them. He gave Sood some coins to check whether they were genuine. Sood got them checked by a jeweller and was told they were genuine. So he paid Pawar Rs 5 lakh and received one kilogram of coins,which turned out to be fake.”

Sood approached Lashkar police on January 12. “Based on a tip off from informants,we arrested Pawar from Nagpur. We came to know he and his accomplices have conned people from different cities in India. This is an inter-state racket. Ketharam’s entire family is into this and they have built two bungalows in Nagpur and bought prime land too. We are searching for other members of gang,which has an inter-state crime record.”

A team from Lashkar police visited Nagpur crime branch and the houses of the accused. “We found none of the suspects. But we will arrest them soon,” said Gavit.

Police said the accused and his brothers own homes in Nagpur. The family originally hails from Gujarat and has been living in Nagpur for 35 years now. Police said they have seized about 30 kg fake gold coins and ornaments from one of the houses.

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