Team Goemkarponn
MORMUGAO: Women who claim to have been cheated in the alleged gold loan scam opposed the bail application of arrested jeweller Bhimappa Chalwadi before the Judicial Magistrate First Class (JMFC) Court at Vasco on Monday.
The victims, through their advocate, filed an intervention petition seeking to oppose the grant of bail to Chalwadi, who is facing multiple criminal cases over the alleged misappropriation of gold ornaments entrusted to him under the promise of providing loans at a low interest rate.
Addressing reporters outside the Vasco JMFC Court, the advocate representing the victims said the intervention petition was filed to place the concerns of the affected women before the court. The advocate argued that granting bail at this stage could adversely affect the ongoing investigation and the interests of the complainants.
After hearing submissions from both sides, the JMFC Court reserved its order on the bail application.
The matter has been posted for July 10, when the court is expected to pronounce its order on Chalwadi’s bail plea.
Chalwadi was arrested following complaints from several women who alleged that he failed to return their pledged gold ornaments despite repayment of the loan amounts.
