Bank of Baroda appraiser held for replacing 1.2 kg gold with imitation jewellery in Kakinada
A Bank of Baroda appraiser was arrested in Kakinada after authorities discovered he had swapped 1.2 kg of genuine gold with imitation jewellery. The police recovered gold worth ₹1.45 crore from the suspect, Suribabu. The case highlights internal fraud risks in the banking sector and the importance of stringent asset verification procedures. The investigation is ongoing, and the bank has pledged to review its appraisal protocols.