The Panchkula Police on Saturday arrested the owner of SAS Nagar-based Anmol Rattan Jewellers for allegedly extorting Rs 22 crore from a Panchkula resident.
Besides arresting the jeweller, Vikas Walia, the police have booked his wife, Varnika Walia, father RS Walia and his servant on charges of criminal conspiracy and extortion under various sections of the Indian Penal Code (IPC) at Sector 5 police station, Panchkula.
In his complaint to police, Ashok Mittal stated that he met Walia through a common friend, Dinesh Kumar. Eventually, Walia insisted him to invest money in his diamond business to make handsome profits. Mittal claimed that attracted by the offer, he invested Rs 12 crore in Walia’s diamond business, and made Rs 3 crore in the first nine months.
He alleged that Walia then took him to Mumbai and Surat where he introduced him to various diamond merchants and persuaded him to invest more in the business.
A novice in the trade, he was also asked to participate in diamond exhibitions in Mumbai to understand the business better, and Walia made all arrangements for his lodging and travel.
Mittal further claimed that after attending various diamond exhibitions, he invested around Rs 13 crore in the business, and opened an outlet at Elante mall, Chandigarh, in partnership with Walia.
But soon after the outlet was inaugurated on November 27, 2013, their business relations turned sour after Mittal learnt that the articles displayed in the outlet were worth only Rs 5 crore against his investment of Rs 13 crore. When he enquired about the difference from Walia, he did not get any satisfactory justification.
Later, Walia did present him a cheque for Rs 17 crore in lieu of the profits. But it bounced, Mittal said, while alleging that thereafter Walia and his aides took to threatening him, which forced him to file a police complaint.
Meanwhile, a relative of Walia, requesting anonymity, claimed that the Panchkula Police illegally picked Walia from SAS Nagar, without having registered any FIR. A case was registered only after apprehending him, he alleged.
Confirming the development, Sector 5 station house officer (SHO) Baljeet Singh said Walia would be produced in court on Sunday.