What happened in Udupi recently?

Udupi police have busted an inter-state racket involving the fraudulent pledging of fake gold ornaments to obtain loans, arresting 5 suspects.

How did the Udupi police respond to the increase in fake gold loan incidents?

Concerned by the rising number of such incidents, the Udupi police formed three special teams to investigate the matter, leading to the arrest of the suspects.

Home / Crime and Justice / Udupi Police Arrest Five in Fake Gold Loan Racket Bust

Udupi Police Arrest Five in Fake Gold Loan Racket Bust

Q: What did the Udupi police seize from the accused?

The police seized Rs 4.3 lakh in cash, a laser machine used for forging fake hallmark symbols, and a computer from the arrested individuals.

11 Nov, 2025

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Summary

Udupi police arrest 5 in inter-state fake gold loan racket
Accused pledged counterfeit gold to obtain bank loans
Police seize cash, forging equipment, and computer from suspects

Udupi Police Arrest Five in Fake Gold Loan Racket Bust

On November 11, 2025, Udupi police announced the arrest of five individuals involved in an inter-state racket that saw them fraudulently pledging fake gold ornaments to obtain loans. The arrests came after a bank branch manager filed a complaint about the incidents.

In total, four cases were registered at Shirva police station last month under various sections of the law. The accused, hailing from Bengaluru, Goa, Mumbai, and Delhi, allegedly used counterfeit gold to secure loans from banks in Udupi district, thereby cheating the financial institutions.

Concerned by the increasing number of such incidents, the police formed three special teams led by the Kaup Circle Inspector to investigate the matter. The teams successfully tracked down and apprehended the suspects. Authorities seized Rs 4.3 lakh in cash, a laser machine used for forging fake hallmark symbols, and a computer from the accused.