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music ground   02 January 2025

Gold loan issues

I pledged gold for my friend with my name in local gold finance. But gold was fake. I didn't know at that time. For helping tendacy i done. They are asking me. They only checked and given money?  now they are telling like this?How could I deal this? kindly suggestions pls



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 3 Replies

T. Kalaiselvan, Advocate (Advocate)     02 January 2025

You have to face the consequences if you have committed an offence by pledging fake gold.

You cannot claim innocence over it because it is your own gold.

You plead guilty and repay the entire loan amount with interest and retrieve the fake gold ornaments to avoid criminal action against you 

music ground   02 January 2025

ok sir. Really I didn't know these type of things when I kept pledge. They even checked everything. But now they are telling like this. I reallly don't know what will do. Ny friend also said the same.  

T. Kalaiselvan, Advocate (Advocate)     02 January 2025

If you want to avoid criminal action through police, you must immediately repay the jewel loan and retrieve the fake gold jewels and be safe instead of hesitating anymore on this.


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