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Business
CBI Raids Jewelers in Vidisha Over Alleged Rs 100 Crore Gold Loan Fraud
✍️ Amar Ujala · Madhya Pradesh
🗓 22 Jun 2026, 05:01 PM
👁 2
The Central Bureau of Investigation (CBI) conducted raids on several jewelers and suspects in Vidisha, Madhya Pradesh, following allegations of a massive fraud involving gold loans.
The city of Vidisha in Madhya Pradesh is abuzz following extensive raids by the Central Bureau of Investigation (CBI) targeting jewelers and other individuals. The operation is reportedly linked to a significant financial fraud involving the use of counterfeit gold to secure substantial loans.
Sources indicate that the CBI's actions stem from accusations that certain jewelers presented fake gold as genuine to obtain gold loans amounting to crores of rupees from banks. The agency's investigation aims to uncover the extent of this alleged fraudulent scheme.
During the raids conducted on Monday, CBI officials searched multiple locations believed to be associated with the suspects. The agency is meticulously gathering evidence to establish the facts of the case and identify all parties involved in the alleged scam.
Sources indicate that the CBI's actions stem from accusations that certain jewelers presented fake gold as genuine to obtain gold loans amounting to crores of rupees from banks. The agency's investigation aims to uncover the extent of this alleged fraudulent scheme.
During the raids conducted on Monday, CBI officials searched multiple locations believed to be associated with the suspects. The agency is meticulously gathering evidence to establish the facts of the case and identify all parties involved in the alleged scam.