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Senior citizen cheats diamond trader of Rs1.36 crore in Mumbai

The senior citizen, who is on the run, cheated the trader of diamonds weighing 530.49 carats.

mumbai Updated: Oct 14, 2017 00:22 IST
HT Correspondent
HT Correspondent
Hindustan Times
Mumbai news,cheating,crime
(Picture for representation)

The Bandra-Kurla Complex (BKC) police have filed a First Information Report (FIR) against a senior citizen for allegedly cheating a 32-year-old diamond trader of diamonds weighing 530.49 carats worth Rs1.36 crore. The senior citizen was not found at his home and is said to be on the run.

According to the BKC police, the complainant resides in Walkeshwar, south Mumbai and runs an office in the Bharat Diamond Bourse in BKC in Bandra (East).

A police official from BKC police station said, “The complainant had trusted the accused with the diamonds. The deal was to sell the diamonds to potential clients or return them in a stipulated time period to the complainant. The diamonds were given by the complainant to the accused earlier this year, but he never returned them.”

“The accused had also given a receipt as acknowledgement while taking the diamonds. However, the 65-year-old alleged accused neither returned the diamonds nor did he sell them. After the accused failed to settle the issue, the complainant approached us with a written complaint,” added the police official. A FIR has been registered under section 420 (cheating) and 406 (criminal breach of trust) of the Indian Penal Code on Thursday.

First Published: Oct 14, 2017 00:22 IST