5 days ago
Hyderabad Police Book Jewellers Over Alleged Four-Kilogram Gold Fraud
Police in Hyderabad are investigating a complaint involving several jewellery businesses.
The complaint says gold ornaments were given to the businesses for sale.
The gold allegedly was not fully returned or paid for.
The total amount involved was nearly four kilograms.
One delivery had 32 ornaments, and another had 37 ornaments.
Police say only part of the value was settled.
Cases were filed alleging cheating and criminal breach of trust.
The investigation has now moved to a specialized police unit.
Punjagutta police booked KV Jewellers, Nitin Enterprises and staff over allegedly unpaid gold ornaments.
The complaint alleges that about four kilograms of gold ornaments were taken and not returned or paid for.
Krishnam Jewellers and Madhava Raghava LLP supplied the ornaments in two consignments for sale and business purposes.
The consignments included 32 ornaments weighing 1,503.050 grams and 37 ornaments with 2,416.52 grams of net gold.
The case was transferred to the Economic Offence Wing of Hyderabad Central Crime Station for investigation.
- Who
- Krishnam Jewellers and Madhava Raghava LLP complained against KV Jewellers, Nitin Enterprises and several staff members.
- What
- Police registered cases alleging that gold ornaments were taken, but much of the gold or its value was not returned or paid.
- Where
- The case began with Punjagutta police in Hyderabad and was transferred to the Economic Offence Wing of Hyderabad Central Crime Station.
- When
- The articles do not specify when the consignments or complaint were made.
- Why
- The complaint alleges cheating and criminal breach of trust involving gold supplied for sale and business purposes.
Key facts
- Police station
- Punjagutta police
- Investigating unit
- Economic Offence Wing, Hyderabad Central Crime Station
- Gold involved
- Approximately four kilograms
- First consignment
- 32 22-carat Kundan ornaments weighing 1,503.050 grams
- Second consignment
- 37 ornaments weighing 2,658.70 grams gross, including 2,416.52 grams of net gold
- Alleged conduct
- Only part of the gold's value was settled, while substantial gold remained unreturned and unpaid
- Alleged offences
- Criminal breach of trust and cheating
Sources
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