Mysore/Mysuru, May 2 -- The City Crime Branch (CCB) Police have arrested Sounder Raj alias Chinnatambi, owner of Dhana Ganapathy Gold and Diamond (DGF) Company, on charges of cheating customers by allegedly failing to return pledged gold.

The Kuvempunagar Police registered an FIR against him based on a complaint filed by H. Mahantesh of Davangere. Acting on the case, CCB sleuths took Sounder Raj into custody. He was produced before a Court and remanded to Police custody for further investigation.

According to the Police, the accused lured customers by promising higher loan amounts at lower interest rates against pledged gold. However, he allegedly failed to return the gold to the customers.

In his complaint, Mahantesh stated that he, a...