Thalassery Gold Loan Fraud: Pledged Gold, Missing Money; Uncover the Full Story

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Gold Loan Fraud Rocks Thalassery: Accused Arrested, 3 Crore Scam Uncovered

Gold Loan Fraud Rocks Thalassery: Accused Arrested, 3 Crore Scam Uncovered

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CNBC Awaaz•25-02-2026, 20:21

Gold Loan Fraud Rocks Thalassery: Accused Arrested, 3 Crore Scam Uncovered

•Ismail P.P. (42) arrested in Kochi for allegedly orchestrating a gold loan fraud in Thalassery.
•Victims were lured with interest-free gold loans through "City Almas Gold & Diamond" jewelry shop.
•People pledged gold and deposited additional money, but neither ornaments nor money were returned.
•A woman from Dharmadam complained of losing 62.300 grams of gold and 1.25 lakh rupees.
•Police estimate the fraud to be around 3 crore rupees, with 35 cases linked to the accused; four others arrested.

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