Trader booked for failing to pay Rs39 lakh to Mumbai friend for diamonds | mumbai news | Hindustan Times
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Trader booked for failing to pay Rs39 lakh to Mumbai friend for diamonds

The accused had not returned the diamonds to his friend Samir Shah either, said an officer from VP Road police station

mumbai Updated: Oct 15, 2017 23:02 IST
Jayprakash S Naidu

The VP Road police on Saturday booked a 50-year-old diamond trader for allegedly failing to pay his friend for diamonds worth Rs 38.99 lakh. He had not returned the diamonds to his friend Samir Shah either, said an officer from VP Road police station.

Shah a resident of Khetwadi in Girgaon works in a diamond trading firma and runs a business. Shah and the accused have done business in the past.

The officer said, “Between June and August, they arrived at a business deal. The accused took the diamonds and promised to pay him after selling them. However, he neither paid him nor returned the diamonds. Shah has alleged that the accused used the diamonds for his own use.”

Shad had long waited for the payment or the diamonds to be returned by his friend, said the officer. When he did not get the money, he filed a complaint earlier this month.

The VP Road police registered a first information report (FIR) under Sections 420 (cheating) and 406 (criminal breach of trust) of the Indian Penal Code. They said they would take action against the accused depending on investigation.