Two arrested for cheating in Vellore

Two jewelery appraisers at a nationalized bank in Kavanur village have been arrested for embezzling ₹1.7 crore through 1080 grams of gold sovereigns as fake jewellery.

Police said the arrested persons have been identified as B. Parthiban, 42, and G. Srinivasan, 55. They are residents of KV Kuppam. Initial investigation revealed that Parthiban had worked as an appraiser in the bank for more than 15 years, while Srinivasan had been an appraiser for the past three years. During a surprise check at the bank, senior officials found fake jewelry that had been promised by creating 16 fake customer accounts.

Investigations revealed that two jewelery appraisers had promised fake jewelery under 16 different names and embezzled ₹1.7 million. The team also found that the duo had been indulging in fraudulent activities for the past few years. Over the years, the suspects have promised small amounts of jewelry to avoid suspicion from senior bank officials.

After finding out, the bank officials registered a complaint with the Vellore police. Around 1080 grams of fake gold jewelery was found from them.

Published – 14 Oct 2026 23:58 IST