Bengaluru (PTI): Two men involved in cheating people with a "zero per cent interest gold loan" fraud scheme were arrested and gold and silver articles worth Rs 1.8 crore were seized, police said on Tuesday.

The arrests was made by the Central Crime Branch (CCB) of Bengaluru City Police, they said.

According to police, the main accused had opened a jewellery shop in Vidyaranapura, advertising "zero per cent interest gold loans" to attract the public. Believing the false advertisement, many customers pledged their gold ornaments and took loans.

However, they were given only 50-60 per cent of the actual value of the pledged gold and were told not to redeem their jewels for at least 11 months.

During this period, the accused illegally sold the pledged gold to another jeweller, earning a p

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