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.

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.

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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.