Panchkula, Aug. 5 -- Haryana Police arrested a man for allegedly defrauding a finance company of nearly Rs 17 lakh by exploiting the gold loan transfer process and failing to deposit the pledged gold after repaying his previous loan.
He has been remanded to two days of police custody for further questioning.
A Haryana Police spokesman stated that Ajay Singh, son of Ram Lal and resident of Nathaur village, was arrested by Civil Lines Police Station, Sirsa, which is investigating the case under relevant sections related to cheating.
According to the spokesman, Vijay Sharma, an employee of the Bajaj Gold Loan Branch on Barnala Road, filed the complaint. He reported that on April 29, 2026, the accused sought to transfer an existing gold loan...