Periyapatna: The Bylakuppe Police have arrested a gold appraiser on charges of cheating banks and customers by authenticating counterfeit gold as real one. The accused has been identified as Shivaram of Mangaluru.
Commercial banks that grant loans against security of gold jewellery appoint jewel appraisers to find out the exact gold contents in the jewellery. He appraises jewellery and issues a certificate as to the gold contents in the jewellery and the bank grants loans as per his report. The appraiser is responsible for such scrutiny and certification.
