Ahmedabad Bullion Trader Mehul Thakkar Duped of 2.1 kg Gold with Fake Currency

Ahmedabad Bullion Trader Mehul Thakkar Duped of 2.1 kg Gold with Fake Currency

Ahmedabad Bullion Trader Mehul Thakkar Duped of 2.1 kg Gold with Fake Currency

In Ahmedabad, Gujarat, a bullion trader named Mehul Thakkar was tricked out of 2.1 kg of gold worth Rs 1.3 crore with fake currency notes. The incident occurred on September 23 when Thakkar received a call from the manager of Laxmi Jewellers, who claimed a buyer urgently needed the gold. Due to a technical issue with RTGS, the buyer provided fake cash as a security deposit.

The fake notes had altered images and text, with Mahatma Gandhi’s photo replaced by someone else’s and ‘Reserve Bank’ replaced by ‘Resolve Bank’. A case has been registered at Navrangura police station, and a team has been formed to solve the case using CCTV footage, human intelligence, and technical surveillance. Further investigation and efforts to nab the accused are underway.

Doubts Revealed


Ahmedabad -: Ahmedabad is a big city in the state of Gujarat, India. It is known for its rich history and culture.

Bullion Trader -: A bullion trader is someone who buys and sells precious metals like gold and silver.

Mehul Thakkar -: Mehul Thakkar is the name of the person who was tricked in this story. He is a bullion trader.

2.1 kg Gold -: 2.1 kg of gold means 2.1 kilograms of gold, which is a lot of gold and very valuable.

Fake Currency -: Fake currency means money that is not real. It looks like real money but is actually worthless.

Rs 1.3 crore -: Rs 1.3 crore is a way to say 13 million rupees, which is a lot of money in India.

Laxmi Jewellers -: Laxmi Jewellers is the name of a jewelry shop. In this story, the manager of this shop called Mehul Thakkar.

RTGS -: RTGS stands for Real-Time Gross Settlement. It is a way to transfer money from one bank to another instantly.

Security Deposit -: A security deposit is money given to show that you are serious about a deal. In this case, it was fake money.

CCTV Footage -: CCTV footage is video recorded by security cameras. It can help police see what happened.

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