The Central Crime Branch (CCB) of the Coimbatore City Police has registered a case against five persons for cheating a gold business firm to the tune of Rs. 2.95 crore.
According to the police, the New Siddhapudur branch of a leading gold pledging and selling firm used to buy gold from Mohanbabu, of Ramanathapuram in the city.
It is learnt that the firm paid him Rs. 2.95 crore between February 18 and 27 this year, but he neither delivered the gold nor returned the money. The police quoted the firm’s general manager Raghu as saying that four employees of the firm (Hari, Anil, Vinod and another person by name Raghu) also suddenly stopped coming to work during the recent weeks.
Complaint
Suspecting the hand of the four former employees in the incident, the general manager lodged a complaint. with the CCB, recently.
On Sunday, the police registered a case against the five persons under sections 420 (cheating and dishonestly inducing delivery of property) and 409 (criminal breach of trust by a public servant or a banker or merchant or an agent) of the Indian Penal Code. Nobody was arrested till the late hours of Sunday.
