Udupi: Bank staff accused of misusing gold pledged by customers

[email protected] (News Network)
April 4, 2016

Udupi, Apr 4: Five employees of Allahabad Bank have been charged with duping six customers who had pledged gold ornaments and taken loans. The bank staff allegedly misused gold ornaments of these customers for their own private purposes here. The value of the gold ornaments of the six customers is estimated at Rs. 7.57 lakh.

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According to a complaint filed by Bimal Krishnan, manager of Allahabad Bank with the Udupi Town Police, Shobha K., a customer from Ambalpady, had pledged 58.56 gm and taken a loan of 1.15 lakh. Similarly, Taj Mohammed of Kaup had pledged 43.1 gm of gold ornaments and taken a loan of Rs.78,000; Krishnanda Nayak pledged 69 gm of gold ornaments and took a loan of Rs. 1.2 lakh; Pratibha S. Rao from Udupi pledged 115.8 gm of gold ornaments and took a loan of Rs. 2 lakh; Shakuntala from Tenkanidiyur pledged 24.2 gm of gold ornaments and got a loan of Rs. 44,000; and Sridhar Rao K. from Udupi pledged 119 gm of gold ornaments and availed a loan of Rs. 2 lakh.

But five employees of the bank – K.H. Pai (the then manager of the bank), Deb Prasad, Satish Shettigar, Bhaskar and Sharath Kumar – instead of depositing the gold ornaments in the locker, used it for their own purposes, which was dereliction of duty and betrayal of trust of the customers. The matter came to light after Ms. Shobha came to the bank on March 10 to get back her gold ornaments. But these ornaments could not be recovered.

The Chief Manager of Zonal Office of the bank conducted an inspection on March 16 and the matter of gold ornaments of five other persons being misused also came to light. A case has been registered under Section 409 (Criminal breach of trust by public servant, or by banker, merchant or agent) of the IPC and investigations were on, the police said.

“We are enquiring with the six accused. Any arrest can be made only after there is some recovery of gold,” said a police officer.

Comments

UMMAR
 - 
Monday, 4 Apr 2016

I HAVE ONE QUESTION IN MY MIND,

WEN WE GIVE AND TAKE LOAN FROM BANK BY KEEPING OUR GOLD THEY WILL CHECK THE WEIGHT OF THE GOLD AND IN THAT THEY WILL PAY US,

BUT WHEN WE GET BACK OUR GOLD FROM THEM,
WHY THEY ARE NOT CHECKING THE WEIGHT BEFORE HANDOVER TO US
, ACTUALLY ALL CUSTOMER MAKE SURE
SHOULD CHECK THE WEIGHT OF GOLD AND VERIFY THE WEIGHT .

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coastaldigest.com news network
December 20,2025

Mangaluru, Dec 20: City Police Commissioner Sudheer Kumar Reddy has issued a high-alert warning to vehicle owners regarding a surge in cyber fraud targeting those looking to pay traffic violation fines. Fraudsters are reportedly exploiting recent government discount schemes on traffic penalties to deceive citizens.

The Scam: How Fraudsters Strike

Criminals are using SMS, WhatsApp, and social media to circulate suspicious links and APK files (Android application packages). They claim these apps allow users to pay e-challans at a discount.

•    Device Hacking: Downloading these unauthorized apps gives hackers full access to the victim's smartphone.

•    Financial Theft: Once the phone is compromised, fraudsters intercept OTPs and personal data to drain bank accounts.

•    Phishing Sites: Fake websites mimicking official portals are also being used to harvest banking credentials.

Already, two residents within Mangaluru city limits have reported significant financial losses after falling victim to these fraudulent apps.

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News Network
December 17,2025

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Melkar, Dec 17: The 17th Annual Day and Graduation Ceremony of Melkar Women’s PU and Degree College, themed “Fusion-2K25,” was celebrated with dignity and enthusiasm, marking a significant milestone in the institution’s academic journey. The programme reflected the college’s steadfast commitment to academic excellence, character building, and the holistic development of students.

The event was inaugurated by Mr. Asif Mohammed, whose presence greatly enriched the occasion. The celebration was further graced by the chief guests Mr. P. B. Ahmed Mudassir and Mr. Nissar Fakeer Mohammed, along with the distinguished guests of honour Mr. B. A. Nazeer and Mr. Ibrahim Gadiyar. In their inspiring addresses, the guests encouraged the graduating students and appreciated the dedicated efforts of the management, faculty, and students.

The annual report was presented by the Principal, Mr. Abdul Majeed S, highlighting the institution’s academic progress, notable achievements, and extracurricular accomplishments during the academic year.

The presidential address was delivered by the esteemed Chairman of Melkar Women’s PU and Degree College, Dr. Haji S. M. Rasheed, who emphasized the vital role of education in empowering women and shaping responsible citizens. He also stressed the importance of discipline, dedication, and perseverance in achieving success.

Cultural programmes and academic recognitions formed an integral part of the celebration, showcasing the talents and achievements of the students. The graduation ceremony was a proud moment for the outgoing students as they were formally conferred degrees and wished success in their future endeavours.

Ms. Mashmooma Fathima served as the Master of Ceremonies. The welcome address was delivered by Ms. Fathima Nida, and the programme concluded with a vote of thanks proposed by Ms. Ayisha Suhana.

The event successfully achieved its objectives and was highly appreciated by the guests and attendees.

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News Network
December 20,2025

Mangaluru, Dec 20: The Mangaluru City Police have issued a detailed traffic advisory ahead of the inaugural ceremony of Karavali Utsava, which will be held at the Karavali Utsava Ground on Saturday.

The festival will be inaugurated at 6:00 pm by Dakshina Kannada District Minister Dinesh Gundu Rao. Cultural and public programmes will be held at the venue every evening and will continue until January 2.

According to City Police Commissioner Sudheer Kumar Reddy, parking of vehicles is strictly prohibited on both sides of the road from Lalbagh to Karavali Utsava Ground. Visitors are requested to park their vehicles only at designated parking areas.

To help the public, traffic signboards and parking guidance flex boards have been installed along the routes leading to the venue. The police have urged commuters and visitors to follow these instructions to ensure smooth traffic movement.

Designated Parking Locations

•    Urwa Market Ground – Cars
•    Gandhinagar Government School (near Press Club) – Two-wheelers and cars
•    Ladyhill Church parking area – Two-wheelers and cars
•    Canara School Ground, Mannagudda – Two-wheelers and cars
•    Thimmappa Hotel premises – Two-wheelers and cars
•    Scout and Guide Bhavana premises (behind Karavali Utsava Grounds) – Two-wheelers
•    Urwa Market Road – Two-wheelers
•    Hat Hill Road – Two-wheelers

The police have appealed to the public to cooperate by following traffic rules and parking guidelines to avoid inconvenience during the festival.

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