City
Epaper

Maharashtra: Nanded Businessman Cheated of ₹15 Lakh in Fake Gold Necklace Scam

By Lokmat English Desk | Updated: June 20, 2025 15:33 IST

A businessman from Nanded was duped of ₹15 lakh by a youth and his accomplices who lured him into ...

Open in App

A businessman from Nanded was duped of ₹15 lakh by a youth and his accomplices who lured him into a fake gold scam under the pretext of selling unearthed treasure. The fraudsters handed over four real gold beads as a sample to gain the trader's trust, later convincing him to purchase a fake 20-layer gold necklace. Santosh Laxman Belapure (age 47), a trader from Belkoni (Bk), Biloli Taluka, Nanded district, owns a shop in Shastrinagar, Nanded. On April 22, a young man visited his shop claiming that he and his associates had discovered gold while digging and needed help selling it. To prove their authenticity, the youth gave Belapure four gold beads, which were confirmed to be genuine.

Gaining the trader’s confidence, the group later called him to Asegaon Corner in Vasmat city. There, they negotiated a deal for a 20-layer gold necklace priced at ₹15 lakh. Belapure paid the amount and left with the necklace. The incident took place between April 22 and May 9.However, suspicion arose after a few days. When Belapure immersed the necklace in water, it turned black, revealing it to be fake. 

Realizing the deception, he lodged a complaint with the Nanded police, stating that three unknown individuals had defrauded him. Since the incident occurred in Vasmat, the case was transferred to the City Police Station on the night of June 19. The investigation is currently being conducted by Police Inspector Sudhir Wagh, along with officers Bondle, Imran Qadri, and Gajanan Bhope. Police have identified a mobile number linked to one of the suspects, which is aiding their investigation. Preliminary findings suggest that the accused are not from Vasmat city but hail from another region. Efforts to trace the trio are ongoing.

Tags: NandedCheating CaseMaharashtra NewsMaharashtraGold
Open in App

Related Stories

PunePune: 14-Year-Old Boy Critically Injured After Contact With High-Tension Wires near Pimpri-Chinchwad

MumbaiLadki Bahin Yojana: Stop Scheme If No Funds for Pension, Says Bombay HC

MumbaiMumbai Songwriter Duped of ₹3.25 Lakh on Pretext of Work with Singer Kailash Kher

PunePune: Mother and Lover Kill Six-Year-Old Child; One Arrested, One at Large

Navi MumbaiNavi Mumbai: Two Men Stab 32-Year-Old, Loot Cash in Panvel; Police Probe on

Maharashtra Realted Stories

MumbaiMumbai Weather Update: Clear Skies in City and Suburbs; Hot and Humid Conditions Likely in Konkan Districts

MaharashtraEknath Shinde Held Secret Meeting With Shiv Sena UBT Leaders in Thane? Thackeray MPs Deny Reports

MumbaiDaylight Heist in Kurla: Jeweller Duped of ₹15 Lakh by Fake Cops in Filmy-Style Robbery

MumbaiGujarat Drug Trafficker Busted in Mumbai, Multi-Crore Synthetic Drug Racket Exposed

MumbaiMumbai Local Train News: City To Get India’s First Non-AC ‘Closed-Door’ Local