Bank’s gold appraiser held for misappropriating over Rs 5cr by disbursing 105 loans

An economic offences wing arrested a public sector bank's gold appraiser for allegedly misappropriating Rs 5.21 crore. Prashanta Kumar Mallick fraudulently sanctioned 105 loans using fake ornaments or no collateral. He manipulated accounts between October 2024 and July 2025, siphoning funds into personal accounts.

Bank’s gold appraiser held for misappropriating over Rs 5cr by disbursing 105 loans
An economic offences wing arrested a public sector bank's gold appraiser for allegedly misappropriating Rs 5.21 crore. Prashanta Kumar Mallick fraudulently sanctioned 105 loans using fake ornaments or no collateral. He manipulated accounts between October 2024 and July 2025, siphoning funds into personal accounts.