Fake Rs 14-crore heist: Bail plea of Forever Diamonds co-owner dismissed | punjab$chandigarh | Hindustan Times
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Fake Rs 14-crore heist: Bail plea of Forever Diamonds co-owner dismissed

A local court in Chandigarh on Wednesday dismissed the bail application of Vinod Verma, the co-owner of jewellery showroom Forever Diamonds at Sector 17.

punjab Updated: Jun 22, 2016 14:17 IST
HT Correspondent
bail plea
Vinod Verma had on June 16 submitted his bail application in the court.(HT File Photo)

A local court in Chandigarh on Wednesday dismissed the bail application of Vinod Verma, the co-owner of jewellery showroom Forever Diamonds at Sector 17.

Verma had on June 16 submitted his bail application in the court while Chandigarh Police on Monday had strongly opposed it.

The police said the accused had intended to claim loss from the insurance company by conspiring to conduct a fake robbery heist.

However, advocate Harish Bharadwaj, defence counsel of the accused, contended no cheating case could be made out against Vinod. He said offence could not be made out at the planning or preparation stage. “Cheating could have been made in case the insurance company concerned was approached by the accused,” Bharadwaj added.

The dacoity had made headlines on May 1 when the showroom owners had claimed two men and a woman, all in their 20s, looted diamond and gold jewellery worth Rs 14.08 crore from their showroom, after allegedly locking them into a room, in broad daylight.

The police had arrested five accused, including Rajneesh Verma and Vinod Verma, owners of the said jewellery shop, for allegedly stage-managing the loot. Later, accused Shivani, Vaibhav Verma and Ankur Jolly, were also arrested for allegedly robbing the shop. Shivani and Ankur were later released on bail.