The Vile Parle police arrested an employee of a jewellery shop along with two of his accomplices for criminal breach of trust on Thursday.
The employee fled with the diamond jewellery handed over to him by the shop owner for promotional purpose.
The accused, Bhavesh Mehta (42), an employee with Romil Jewellers in Vile Parle and two of his friends, Anand Seth (33) and Dinesh Rana (42) were arrested on charges of criminal breach of trust and dishonestly receiving stolen property.
According to the police, shop owner Jaymin Himmat Vora approached the police on Thursday, and lodged a complaint against Mehta saying he was not returning the jewellery given to him for promotional purposes.
The police registered a case against him for criminal breach of trust.
“When Vora told us that Mehta would be coming down to the shop on Thursday, we laid a trap,” said Arvind Mahabadi, assistant commissioner of police, Vakola division.
Mehta told the police that he handed over the jewellery to his friends, Seth and Rana.
“He revealed he had given the jewellery in return for a loan he had taken from Seth,” said an officer. Subsequently, Seth and Rana were arrested on Friday.
Investigations revealed that Seth and Rana had sold the diamond necklace and earrings worth around Rs 4 lakh for Rs 2.61 lakh to Ramesh Soni, a diamond merchant at Zaveri Bazar.
While Seth kept Rs 1.90 lakh with him, Rana’s share was Rs 71,000.
When approached by the police, Soni admitted he had purchased the diamond jewellery from Seth but did not suspect any foul play as he had known him for the last 20 years. Soni later turned a witness in the case and returned the diamond ornaments to the police.
“Mehta would work for a few months at a jewellery shop and after gaining the trust of the employer, he would flee with the jewellery and sell to a third party,” Mahabadi said. Mehta has a previous case of cheating registered against him.
The police have recovered jewellery of 1.71 lakh from the accused. The accused have been remanded to judicial custody.