Gold scam at Manappuram Finance Tak in Gwalior, 4.38 kg Real Gold from 26 Customers was converted into fake

A major financial scam came to light in the branch of Manappuram Finance Limited in Dabra Tehsil of the Gwalior district. During the audit, it was found that a total of 4 kg of 380 grams of real gold of 26 customers in the branch was replaced with false gold. The scam released in the branch during the audit process was exposed this serious matter. According to sources, there was a big difference between the actual amount of gold and a record. The company immediately began an internal investigation into this. The price of missing gold is estimated at about four and a half crores. The news that the real gold is changed from the right gold to falsehood raged a wave of concern among the clients. Many clients have approached branch management and officials and claimed strict action in the case. The response of the company Manappuram Finance Limited confirmed the incident and said that they had compiled the investigative committee immediately and that the case was taken seriously. At the same time, the company has assured that strict action will be done against the culprits and that the clients involved will receive proper relief. Local police and financial regulatory organizations have been contacted in light of the legal aspect and further actions in light of the serious nature of the scam. Legal experts believe that such a case could fall under the category of bail and non-available offense and begin the process of repayment with concrete punishment against the culprits. The impact on the local and financial market has caused a sense of uncertainty among the local financial markets and investors. Experts believe that such cases can weaken the confidence in financial institutions, which is why companies must ensure transparency and regular audit. In general, this golden scam in Manappuram Finance branch of Dabra Tehsil not only raised the concerns of clients, but also asked questions about the financial institutions monitoring system. The eyes of the officials and the company are now on the investigation and identity of the culprits. Share this story -tags