Two arrested for pledging fake gold chain at Kolathur pawn shop
Kolathur police arrested two men for pledging a fake gold chain at a local pawn shop to secure a loan of ₹97,000. The fraud was discovered during a routine verification process by the shop owner.
Why it matters
This incident underscores the risks faced by small-scale financial businesses and the effectiveness of CCTV surveillance in local crime investigations.
Kolathur Police have arrested two men for allegedly pledging a fake gold chain at a pawn shop in Kolathur and cheating the owner of ₹97,000.
According to the police, Eshwar Kumar, 62, who runs a jewellery pawn shop on Erikkarai Street in Periyar Nagar, lodged a complaint stating that a man visited the shop on July 11 and pledged a gold chain weighing about one-and-a-half sovereigns with a shop employee. The man received a loan of ₹97,000 and left.
During a routine verification of pledged jewellery later that day, the shop owner found that the chain was counterfeit. Based on the complaint, the V-6 Kolathur Crime Police registered a case and launched an investigation.
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