Couple booked for cheating pawnbroker of Rs 76 lakh in Coimbatore

COIMBATORE: Saibaba Colony police in the city on Saturday registered a case against a couple on charges of cheating a pawnbroker of Rs 76 lakh by promising to redeem 710 grams of gold pledged with another finance company and re-pledge it with his firm.The complainant, N Harihara Subramanian, 53 of Vadavalli, runs a jewellery pawnbroking firm on Alagesan Road in Saibaba Colony. He provides financial assistance to people seeking to redeem jewellery pledged with other finance companies, on the assurance that they would re-pledge the ornaments with his firm.According to the complaint, Kesavaraj and his wife Uma Maheswari, residents of Veerakeralam near Vadavalli, approached Subramanian on Sept 30. They told him that they had pledged 710 grams of gold jewellery with another finance company for Rs 76 lakh and sought financial assistance to redeem it.The couple promised to pledge the redeemed jewellery with Subramanian’s firm in return for the money. Trusting their assurance, he transferred Rs 76 lakh to Kesavaraj’s bank account.However, the couple failed to redeem the jewellery and pledge it with his firm. They did not return the money. Subramanian lodged a complaint with Saibaba Colony police on Saturday.Further investigations are on.You Can Also Check: Gold Rate in Coimbatore | Silver Rate in Coimbatore | Bank Holidays in Coimbatore | Public Holidays in Coimbatore | Coimbatore AQI | Weather in Coimbatore | Petrol Price in Coimbatore | Diesel Price in Coimbatore | CNG Price in Coimbatore | LPG Price in CoimbatoreStay updated with the latest Coimbatore news. Download the TOI App.