'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.

New traffic rules for Ooty tourists from May 1

Nilgiris police have announced new traffic restrictions from May 1 for vehicles heading to Ooty to manage congestion dur...

Coimbatore Airport Cargo Operations Hit Hard by 80 percent Freight Charge Surge

Coimbatore international airport witnesses sharp decline in cargo bookings as handling charges increase by 80 percent du...

Saibaba Colony Flyover Construction Works to be Completed Soon - Highway Department Officials

Highway Department officials announced that the Saibaba Colony flyover construction in Coimbatore has reached 95 percent...

Coimbatore Police Declare Drone Red Zone Ahead of EVM Counting at GCT

Coimbatore City Police have imposed a temporary drone ban across 12 areas including R.S. Puram and Saibaba Colony from A...

CBSE Refutes OSM Glitch Claims; Class 12 Results Expected in Third Week of May

Rumours claiming that CBSE Class 12 results would be announced immediately have been denied by senior CBSE officials. Ac...

TNEB Transformer Procurement Scam Allegations: Senthil Balaji Denies Irregularities, Calls Probe Politically Motivated

Former Minister Senthil Balaji responds to allegations over transformer procurement for the Tamil Nadu Electricity Board...