In Coimbatore, two men were arrested on October 15 for attempting to sell a fake gold bar to a buyer from Trichy. The police are searching for a third suspect who escaped during the transaction.
Coimbatore: Two men were arrested in Coimbatore on Sunday for attempting to sell a fake gold bar, while a third suspect managed to escape. The incident unfolded when Velumani, a supervisor at an oil mill in Trichy, was approached by his colleague Islam from Kerala about a gold bar weighing half a kilogram available at a low price.
Velumani, along with his friend Badshah, contacted Islam's friend Samshath Yasin over the phone. Yasin claimed to have a gold bar and offered to sell it for six lakh rupees. On October 15, Velumani and Badshah arrived at a predetermined location in Thondamuthur, Coimbatore, with the money to meet Yasin.
During the meeting, Velumani and Badshah informed Yasin that they only had two lakh rupees instead of the agreed six lakhs. Yasin accepted the two lakh rupees and handed over the supposed gold bar. Immediately after the exchange, Yasin, along with two accomplices identified as Mohammed Ali and Islam, attempted to flee the scene.
Suspicious of their behavior, Velumani and Badshah chased the trio and managed to catch Mohammed Ali and Islam. Yasin, however, escaped. Upon questioning, it was revealed that the "gold bar" was actually a copper bar coated with gold plating, not genuine gold as claimed.
Following this discovery, Velumani filed a complaint at the Thondamuthur Police Station.
Based on the complaint, the police arrested the two men caught at the scene for attempted fraud involving the fake gold bar. The third suspect, Samshath Yasin, is currently absconding, and the police are actively searching for him.
The incident has highlighted the need for caution in private gold transactions and the prevalence of such scams targeting unsuspecting buyers.
Velumani, along with his friend Badshah, contacted Islam's friend Samshath Yasin over the phone. Yasin claimed to have a gold bar and offered to sell it for six lakh rupees. On October 15, Velumani and Badshah arrived at a predetermined location in Thondamuthur, Coimbatore, with the money to meet Yasin.
During the meeting, Velumani and Badshah informed Yasin that they only had two lakh rupees instead of the agreed six lakhs. Yasin accepted the two lakh rupees and handed over the supposed gold bar. Immediately after the exchange, Yasin, along with two accomplices identified as Mohammed Ali and Islam, attempted to flee the scene.
Suspicious of their behavior, Velumani and Badshah chased the trio and managed to catch Mohammed Ali and Islam. Yasin, however, escaped. Upon questioning, it was revealed that the "gold bar" was actually a copper bar coated with gold plating, not genuine gold as claimed.
Following this discovery, Velumani filed a complaint at the Thondamuthur Police Station.
Based on the complaint, the police arrested the two men caught at the scene for attempted fraud involving the fake gold bar. The third suspect, Samshath Yasin, is currently absconding, and the police are actively searching for him.
The incident has highlighted the need for caution in private gold transactions and the prevalence of such scams targeting unsuspecting buyers.