Account holders say they are losing faith in banks. 200 account holders were left stranded in a gold-pledge scam at Canara Bank in Thetagunta, Andhra Pradesh. The victims complain that the bank authorities have not returned the gold for two years.
RAJA PENTAPATI AP BUREAU CHIEF
National News
Amaravati August 30 (Bharat News) AP
200 customers were left stranded due to a scam that took place at Canara Bank in Thetagunta, Tuni mandal, Kakinada district. They took loans by pledging their gold. However, the gold worth about 3 crores has gone missing…
They have been fighting for two years. The victims are expressing their grief that the bank officials are not returning their gold even after paying the entire loan. Where is the missing gold? They are worried.
But this is not it.. Recently, another similar scam came to light in SBI Bank in Chennur, Mancherial district.
The bank manager and cashier together embezzled the gold that the customers had deposited for loans. Initially, it was thought that a fraud of three to four crores had taken place. Later, it was found that 12 crore 61 lakhs of gold and 1 crore 10 lakhs of cash had disappeared. With the bank cashier committing such a big scam, questions began to arise as to how much the bank staff could be trusted.
Bharat News Andhra Pradesh
