Police bust a racket using stolen gold loan as a mortgage in a bank.
Surajpur: During the investigation of a theft case, it was revealed that instead of selling the stolen jewelry directly, the accused used to collateralize the stolen gold with a bank to obtain cash and enjoy themselves. Police are now investigating the bank's role in this case.
Police solved the case of the theft of jewelry worth over one lakh rupees from a teacher's vacant home in the village of Telikachar in the Jaynagar police station area of Surajpur district and arrested three accused. During interrogation, another theft that occurred about a month and a half ago in the village of Sohagpur in the Karanji outpost area was also uncovered. Police recovered gold and silver jewelry and cash from the accused.
According to the police, applicant Nikita Gupta, a teacher from Kenapara, filed a report on March 9th, stating that she had locked her house and left on February 28th. Upon returning on March 1st, she found the door open and gold and silver jewelry missing from the cupboard. The stolen items were estimated to be worth approximately 98,000 rupees.
On the instructions of Superintendent of Police Prashant Thakur, a team was formed and an investigation was launched. Based on a tip from an informant, three suspects—Umang Gupta, Brijlal Singh alias Rohit alias Chhichhi, and Hemant Dewangan alias Shivam, all residents of Kenapara—were detained and interrogated. During interrogation, all three confessed to the theft.
The accused confessed to entering the house from the back on the evening of February 28th and stealing jewelry stored in a cupboard. Police recovered bridal anklets, silver jewelry, a gold mangalsutra, a ring, and other items from their possession.
The investigation also revealed that on the night of February 5, the accused had stolen Rs 40,000 in cash and jewellery worth about Rs 3.5 lakh from the house of farmer Naresh Raikwar alias Deepak, resident of village Sohagpur in Karanji outpost area.
During interrogation, it was revealed that the three accused were criminals and drug addicts. Instead of selling the stolen jewelry directly, they used it to collateralize the stolen jewelry at the Manappuram Gold Loan Bank in Ambikapur to obtain cash and enjoy themselves. The police have initiated an investigation by sending a letter to the concerned bank.
It is being said that in such cases, it is becoming easier to dispose of stolen jewellery as loans are being granted without adequate documentation.
The police have taken action against the three accused in the theft case under sections 331(4) and 305 of the IPC and have sent them to judicial custody. Jaynagar TI Rupesh Kuntal Ekka, Karanji outpost in-charge Santosh Singh, and the police team played a key role in this action.
