States » SouthPosted at: Oct 10 2026 6:44PM


Kakinada: Former Bank Gold Appraiser Arrested in ₹1.45 Crore Gold Fraud Case

Kakinada, Oct 10 (UNI) Kakinada One Town police have arrested a former gold appraiser of Bank of Baroda in connection with the disappearance of mortgaged gold jewellery weighing 1,056.90 grams, valued at approximately ₹1.45 crore, from the bank’s Government General Hospital (GGH) branch.
Briefing the media at the District Police Office here on Saturday, Superintendent of Police Bindu Madhav identified the accused as Narava Suribabu (59), a resident of Cheediga village in Kakinada Rural mandal.
According to the SP, the accused allegedly replaced genuine gold jewellery pledged by customers against gold loans with artificial ornaments while working as the bank’s gold appraiser. The fraud involved 44 gold loan accounts, with jewellery weighing 1,056.90 grams reported missing.
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Tags: #Kakinada: Former Bank Gold Appraiser Arrested in ₹1.45 Crore Gold Fraud Case
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