Telangana Shocker: Gold Shop Owner Flees with Mortgage Jewelry, Customers Seek Police Action
Gold shop owner in Jagadgirigutta allegedly flees with pledged gold jewellery in Chandragiri Nagar, forcing distressed customers to approach police seeking justice.
Munsif News 24×7 | Jagadgirigutta: A major cheating case has surfaced in Jagadgirigutta, Hyderabad, after the owner of a gold shop allegedly fled with pledged gold ornaments, leaving several customers in distress. The incident took place in Chandragiri Nagar, triggering panic and anger among affected families.
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Gold Shop Shut Overnight in Chandragiri Nagar
According to local residents, the gold shop named Ramdev Jewellers was suddenly shut down, and its owner, reportedly a Marwadi trader, went missing without informing customers.
The shop owner is accused of:
- Taking gold ornaments on pledge from customers
- Closing the shop without notice
- Selling the building where the shop was located
- Fleeing with customers’ pledged gold
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Customers Say Their Pledged Gold Is Missing
Victims said they had pledged their gold ornaments at Ramdev Jewellers to meet financial needs. However, after the shop was closed, they were unable to contact the owner.
Many customers claimed the incident has pushed their families into serious financial trouble, as the pledged gold included wedding jewellery and family valuables.
Victims Approach Jagadgirigutta Police Station
Distressed customers gathered at the Jagadgirigutta Police Station and lodged formal complaints, demanding:
- Immediate tracing and arrest of the shop owner
- Recovery of pledged gold ornaments
- Strict legal action against those responsible
Police Begin Investigation
Police officials confirmed that complaints have been received and an investigation has been launched. Efforts are underway to trace the accused and verify details related to:
- Pledged gold records
- Property sale transactions
- Possible financial fraud
Further action will be taken based on the findings of the probe.
Public Demand for Strict Action
Following the incident, fear and anger have spread in the locality. Residents urged authorities to take strong measures to prevent such fraud cases, especially involving gold pledge businesses.
The Jagadgirigutta gold shop cheating case has once again raised concerns over customer safety and the need for stricter monitoring of jewellery businesses.
