Banks Turning into Safe Havens for Stolen Gold? Jewelry Association Raises Alarm Over Gold Loan Practices in Bilaspur
Bilaspur, India — A growing controversy is unfolding in the central Indian city of Bilaspur, where members of the local jewelry trade are accusing banks and gold finance companies of inadvertently enabling criminals to monetize stolen jewelry through loosely regulated gold loan systems. The Bilaspur Sarafa (Jewelry) Association has voiced serious concerns over what it … Read more