Gold loan

A jewellery store in Chennai that goes by the name Kerala Fashion Jewellery allegedly swindled gold deposits worth Rs. 26 crores, cheating around 1,689 customers between 2016-19. Duo Brother Sujith Cherian and Sunil Cherian applied for bail and argued that it was a false campaign by vested companies that led to the closure of their gold stores. However, the court denied citing the possibility of "tampering of evidence."