'Gold from Mud' trade ends up in swindling Rs. 9.27 lakhs



S.K.Naguloli (36) resident of Andhra Pradesh has filed a complaint to the Coimbatore Police Commissioner as a local trader has deceived him and swindled Rs.9.27 lakhs.

S.K.Naguloli, has been involved in extracting gold particles from mud. On the 14th of July, he had received a call from Ponnusamy, Namakkal to discuss about a business deal. Ponnusamy introduced Tamim, a resident of Telegupalayam, who is engaged in selling mud to dealers like Naguloli. 

After initial inspection, Naguloli decided to place an order for 678 kg of mud from Tamim and also paid him Rs. 9.27 lakhs, in full.  He started the extraction process and was startled to learn that the mud carried no gold particles in it. He was totally aggrieved and in fury contacted Tamim, who in-turn threatened and warned him of dire consequences, if reported. 

Today, Naguloli lodged a complaint to the Coimbatore Police Commissioner, seeking to help him retrieve his money.

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