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Rs 7 crore gold loan fraud rocks Canara Bank in Jalna two arrested
Business
Published on 26 April 2026
Real gold vanished and was replaced with fakes
A Rs 7.31 crore gold loan fraud has surfaced at a Canara Bank branch in Jalna, Maharashtra. Police say ornaments linked to gold loan accounts were stolen and replaced with counterfeit jewellery. Two people have been arrested so far, while the probe continues to check whether a wider network was involved beyond the suspects already taken into custody.
- Rs 7.31 crore gold loan fraud reported at a Jalna Canara Bank branch
- Ornaments were allegedly swapped with fake jewellery
- Two suspects arrested; investigation still expanding
- Authorities suspect possible involvement of more people
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times