Stolen diamonds could have been smuggled: police | mumbai | Hindustan Times
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Stolen diamonds could have been smuggled: police

Stolen diamonds worth over Rs 2.8 crore, which were among the diamond stash worth Rs 4.4 crore recovered from the house of Ajay Mehta, on Tuesday, remained unaccounted for even on Thursday.

mumbai Updated: Jan 21, 2011 02:31 IST
HT Correspondent

Stolen diamonds worth over Rs 2.8 crore, which were among the diamond stash worth Rs 4.4 crore recovered from the house of Ajay Mehta, on Tuesday, remained unaccounted for even on Thursday.

Crime branch investigators suspect these diamonds could have been smuggled or acquired in exchange for hawala transactions.

On Tuesday, Mehta, a diamond merchant, his employee Chandrasen Berde, 49, friend Shamshuddin Azmi, 47, a realty broker from Bandra and master locksmith from Bhayandar Farid Hasmi, 47, were arrested by the crime branch for breaking into lockers at the Bank Of India's Opera House branch and stealing diamonds.

Though the bank had received internal complaints (from customers) about the disappearance of the valuables and cash, the complaints never reached the police.