THURSDAY, 2 JULY 2026

Sada women trace, catch alleged absconding jeweller; bring him to Vasco PS over gold loan scam

SHARE ON
Sada women trace, catch alleged absconding jeweller; bring him to Vasco PS over gold loan scam

PANAJI: Several women from Sada on Wednesday evening traced and caught an allegedly absconding jeweller before bringing him to Vasco Police Station, accusing him of cheating them of gold ornaments worth several lakhs under the pretext of a low-interest gold loan scheme.


The women alleged that jeweller Bhimappa Chalvadi had collected their gold after promising loans at an interest rate of just 0.65 per cent. They claimed that despite repaying the loans in full, he refused to return their pledged ornaments.


According to the victims, two FIRs had already been filed at Mormugao Police Station. However, they alleged that no effective action had been taken and that they were informed the jeweller was absconding.


Frustrated over the alleged inaction, the women said they decided to trace the jeweller themselves and brought him to Vasco Police Station, demanding immediate action and recovery of their gold.


The victims further alleged that the jeweller claimed he had "police in his pocket" and operated an unauthorised banking-style system by offering loans at low interest rates. They also alleged that he had acquired expensive properties while failing to return their gold.

fraud goa gold scam google news headlines news top stories Vasco

Recommended Stories

SHARE ON

A coastal ‘con-nection’: Goa in grip of cyberfraud

The Goan Network
Published 10 hours ago
SHARE ON

PANAJIGoa continues to witness an alarming proliferation of fake call centres targeting citizens, particularly in the United States, with police dismantling nearly a dozen such operations in the year’s first half.The latest back-to-back crackdowns in Calangute and Anjuna, which led to the arrest of 34 persons and seizure of electronic equipment worth nearly Rs 50 lakh, have once again indicated the coastal State has increasingly become a preferred operational base for…

READ MORE

Keep Reading — More from GOA NEWS

1 more related stories queued · tap to continue reading

Home HOME News GOA NEWS Global GLOBAL GOENKAR Search SEARCH
The Goan Footer