Archive · 16 Jun 2025
Mumbai Jeweler Arrested For Alleged ₹2.3 Crore Gold Fraud
A jeweler in Mumbai named Vijay Jain is in trouble.
He tricked another jeweler into giving him gold necklaces worth a lot of money by pretending to be a good customer first.
After receiving the gold, he didn't pay for it and stopped answering calls.
The police caught him and are now investigating.
The jeweler claimed he needed the gold for a big order, but he never paid for it, so now he's been arrested and could face more trouble.
Byculla jeweller arrested for allegedly defrauding a trader of gold worth over ₹2.3 crore.
Vijay Kumar Jethmal Jain gained the trader's trust through successful prior transactions.
Jain ordered 2,289.440 grams of 22-carat gold necklaces, claiming a demand in Hyderabad.
After receiving the gold, Jain delayed payment and eventually blocked the complainant's number.
Police arrested Jain and charged him under Sections 316(5) and 318(4) of the Bharatiya Nyaya Sanhita (BNS).
- Who
- Vijay Kumar Jethmal Jain, a jeweller, defrauded Kamlesh Jain, a jewellery businessman.
- What
- A jeweller was arrested for allegedly defrauding another trader of gold.
- When
- The jeweller was arrested on the night of June 14.
- Where
- The incident happened in Mumbai, with the arrest made by L T Marg Police.
- Why
- Jain allegedly defrauded the trader by not paying for the gold ornaments.
Complainant's View
Accused's View
Financial Loss
Complainant's View
The complainant, Kamlesh Jain, was defrauded by Vijay Jain, resulting in a significant financial loss.
Accused's View
N/A
- Accused
- Vijay Kumar Jethmal Jain
- Age of Accused
- 58
- Complainant
- Kamlesh Jain
- Value of Gold
- Over ₹2.3 crore
- Gold Type
- 22-carat
- Charges
- Sections 316(5) and 318(4) of the Bharatiya Nyaya Sanhita (BNS)