Tiruvallur Pawn Shop Owner Cheated of ₹1.91 Crore in Fake Gold Scam

A pawn shop owner in Tiruvallur, Chennai, has been defrauded of ₹1.91 crore in a scam involving counterfeit gold.

The fraudulent scheme was carried out by unidentified individuals who targeted the pawn shop in the Tiruvallur locality of Chennai, Tamil Nadu. The transaction has left the local business owner with a significant financial loss of ₹1.91 crore.

According to the available information, the victim was deceived into accepting fake gold, which was misrepresented as genuine.

Details regarding the exact timeline of the scam, including when the transactions occurred or when the fraud was first discovered, have not been specified. The identity of the pawn shop owner and the specific methods used by the fraudsters to bypass verification of the gold also remain undisclosed.

No arrests have been announced yet as the perpetrators remain unidentified.