Kasargod: Three persons have been arrested for mortgaging fake gold in banks and other financial institutions in Kasargod and surrounding areas.
Team lead by DySP T Ranjith made the arrests. The arrested are identified as Palakkad Kongat resident Zakir Hussain(42), Kiyur resident by origin now staying in Ariyal, I Hassan(36) and Patla resident Ibrahim Harris alias Patla Harris(40). The accused have allegedly mortgaged fake gold in banks and financial institutions and borrowed several lakhs of rupees. While investigating a gold which was mortgaged in a private finance company in Cherkala and was sold to a Trissur resident it was revealed that the gold was fake. A complaint was lodged with Kasargod police in this regard. Police investigations have revealed a large network of fraudsters. Police obtained information of the suspects and have arrested the trio. They were involved in many cheating cases in Koyikkode, Kannur, Trissur, Palakkad, Vaynad, Malappuram and other places.