In a landmark judgment, the Telangana High Court has granted police the authority to seize stolen gold even when it is pledged with loan firms. The ruling comes after several cases highlighted how stolen ornaments often ended up in financial institutions.
The judgment serves as a deterrent to criminals who exploit loopholes in the system. It also places an obligation on loan firms to perform due diligence before accepting gold as collateral. The High Court’s decision underscores the importance of collaboration between financial institutions and law enforcement in curbing crime.
This ruling is expected to streamline investigations and aid victims in reclaiming their stolen property, reinforcing public confidence in the judicial system.