Vadodara: A man who allegedly posed as a bank manager to dupe many people out of gold worth crores of rupees in the city has been arrested by crime branch . Ravi Peshawariya, who was absconding, was nabbed near Jambua flyover on the basis of a tip-off. According to police, Peshawariya was in a car when he was intercepted.
He didn’t have documents for the vehicle, after which they questioned him further and ascertained his identity. Investigators said Peshawariya came to Vadodara a few years ago and changed his name to Vishal Gajjar. He posed as a bank manager and convinced people that he could get them loans in exchange for their gold.
Many people gave him their gold over the past year, worth about Rs 3 crore. Peshawariya allegedly took loans on the gold himself, kept some of the gold and vanished. Two cases of cheating were lodged against him, in 2022 and 2023, at Manjalpur police station.
Police said Peshawariya is from Rajkot and did a Bachelor of Commerce degree there. He used to deal in used cars there but in 2012-13 committed fraud by selling used cars as new. Rajkot police filed FIRs against him in three fraud cases as did Gandhidham police.
As he couldn’t get a bank loan there due to the fraud cases, he first shifted to Khambat and then to Vadodara. We also published the following articles recently Man who posed as bank manager to dupe people held Crime branch officers arrested Ravi Peshawariya, who allegedly duped many in Vadodara by posing as a bank manager and taking gold worth Rs 3 crore. He convinced people to hand over their gold for loans but took loans himself and disappeared.
He was previously involved in fraud cases in Rajkot and Gandhidham. 26kg of real gold swapped: Kerala bank manager accused in Rs 17 crore loan fraud case is on 'leave' Vadakara police booked former Bank of Maharashtra manager Madhu Jayakumar for allegedly executing a Rs 17 crore gold loan fraud by replacing 26kg of pledged gold with fake gold. Jayakumar, now on leave, claims loans were re-pledged by a private firm under a zonal manager's direction.
A special team is tracking him as he is reportedly absconding. Mumbai Police arrest third accused in multi-crore bank fraud Mumbai police arrested Amish Ashwin Shah for his role in a Rs 1.50 crore fraud involving trust funds misappropriated by a trust employee and bank officials.
Shah is the third person arrested, following Sohan Singh Rajpurohit and Rajeev Saxena. Shah, a habitual offender, allegedly used the misappropriated funds to settle personal car loans..
