Muhammed Ajmal befriended young teenage girls through Instagram and then trick them into giving him gold ornaments promising them he would bring new jewellery for them
“RBI started purchasing gold a few years ago and decided to undertake a review of where it wants to store it, something that is done from time to time. Since stock was building up overseas, it was decided to get some of the gold to India,” TOI quoted an official as saying.
The gold monetisation scheme was launched by Prime Minister Narendra Modi on September 15, 2015. This scheme has been designed to turn physical gold into a productive asset in India.
The officials stated that the raids, including that at the residential premises of Jain in Delhi and other locations, were being conducted as part of a follow up in the case.