Mysuru jewellery owner held 'Gold Scheme Fraud'

A jewellery shop owner has been taken into custody after allegedly collecting monthly instalments from more than 80 people on the promise of providing gold and then leaving the city, in the latest gold fraud case reported in Mysuru.

The alleged fraud took place at Mohan Jewellery near Vivekananda Circle. Shop owner Mohan Lal had reportedly operated gold savings schemes in the past two rounds, collecting monthly instalments from customers and handing over gold as promised. This helped him gain the confidence of



customers.

Encouraged by the earlier schemes, several people reportedly invested larger amounts in the latest scheme, hoping to purchase gold through monthly instalments. However, the shop remained closed for about a week, leaving customers worried.

According to the complainants, Mohan Lal also vacated his residence and allegedly left the city without informing the customers. More than 80 people are believed to have been affected by the scheme, with the exact amount allegedly collected from them yet to be ascertained.