Rajkot: A 42-year-old jewellery businessman has alleged that a man obtained Rs 10 lakh from him on the pretext of repaying a gold loan , later redeemed the pledged jewellery without his knowledge and threatened him when confronted.




Hardeep Dhorada of Jasdan filed a complaint against Abhilav Khachar , alias Lala, at Jasdan police station for cheating and criminal intimidation .




According to the complaint, on Aug 12, Dhorada received a call while he was in Rajkot. The caller, who identified himself as Khachar, told him that 131gms of gold jewellery had been pledged at a gold finance company in Jasdan and could be auctioned because the loan interest had not been paid.




The following day, Dhorada travelled to Jasdan and visited the branch with Khachar. In the presence of the branch manager, they learnt that the jewellery had been pledged against a loan of around Rs 14.05 lakh and that the repayment deadline was imminent.




Khachar told Dhorada that he would redeem the jewellery, retain it and later sell it. Trusting him, Dhorada transferred Rs 10 lakh from his bank account to the company through a payment link. The two reportedly agreed that the remaining Rs 4.05 lakh would be paid the next day.




On Aug 14, Dhorada asked Khachar to meet him at the bank, but he failed to appear and stopped responding to calls and messages. When Dhorada visited the branch on Aug 20, staff informed him that Khachar had already repaid the loan and redeemed the jewellery.




When Dhorada confronted Khachar, the latter threatened him.




Police are investigating the financial transactions, gold-loan documents and the procedure followed in redeeming the jewellery.