Team Goemkarponn
MORMUGAO: The alleged gold loan fraud involving a jeweller from Headland Sada has taken a fresh turn, with Mormugao police registering a third First Information Report (FIR) against Bhimappa Chalwadi following a complaint by a local resident who claimed she was cheated of gold ornaments worth around ₹14 lakh.
According to police, the complaint was lodged by Netra Honavarkar, a resident of Headland Sada, Mormugao. She alleged that Chalwadi sanctioned two gold loans against her pledged ornaments, one of ₹2.70 lakh on August 7, 2025, at PBC Jewellers in Headland Sada, and another of ₹2.25 lakh on January 20, 2026, near Government High School, Headland Sada.
Honavarkar stated that the gold ornaments pledged as security for the loans were valued at approximately ₹14 lakh.
The complainant alleged that when she later approached the accused to repay the loan amounts along with the applicable interest and sought the return of her ornaments, Chalwadi refused to accept the payment. She further alleged that he informed her that the pledged gold had already been melted, causing her wrongful loss.
Based on the complaint, Mormugao police have registered a case against Chalwadi under Sections 316(5) and 318(4) of the Bharatiya Nyaya Sanhita, pertaining to criminal breach of trust and cheating.
Further investigation is being conducted by PSI Saidatta Naik of Mormugao Police Station under the supervision of PI Sheriff Jacques and the guidance of Mormugao Deputy Superintendent of Police Gurudas Kadam.
