2 weeks ago
Delhi Police Arrest Man in Alleged Jewellery Kitty Fraud
Delhi Police arrested Aniket Verma, who is accused of running a jewellery savings scheme.
People reportedly paid Rs 1,000 each month.
They were promised jewellery worth Rs 28,000 or the same amount of money after 24 months.
Police say more than 700 people may have lost about Rs 1.5 crore.
Investigators collected handwritten receipts signed by the accused.
Police allege that Aniket and his father left Delhi after selling their properties.
The family was reportedly living in Dubai.
Investigators are still checking the number of victims, the money involved and the role of other people.
The Economic Offences Wing arrested 24-year-old Aniket Verma over an alleged jewellery kitty scheme fraud.
Police said more than 700 people were allegedly cheated of approximately Rs 1.5 crore.
Members reportedly paid Rs 1,000 monthly for 24 months for promised jewellery worth Rs 28,000 or equivalent cash.
The case names Aniket Verma and his father, Naresh Kumar Verma, proprietor of Baba Shyam Giri Jewellers.
Police said the accused shifted to Dubai; efforts continue to apprehend Naresh Kumar Verma.
- Who
- The Delhi Police Economic Offences Wing arrested Aniket Verma; his father, Naresh Kumar Verma, is also named as a co-accused.
- What
- Aniket Verma was arrested over an alleged jewellery kitty scheme fraud involving more than 700 people and approximately Rs 1.5 crore.
- Where
- The alleged kitty schemes operated in Burari, Delhi; Aniket Verma was arrested after being detained at Surat Airport, and police said the accused later shifted to Dubai.
- When
- The FIR was dated October 8, 2025, and police said Aniket Verma was detained at Surat Airport on September 10.
- Why
- Police allege that members were induced to make monthly payments with promises of jewellery or equivalent money after the 24-month scheme ended.
Key facts
- Accused arrested
- Aniket Verma, 24
- Alleged victims
- More than 700; police separately said the family may have cheated around 1,200 people over 10-12 years
- Alleged amount
- Approximately Rs 1.5 crore
- Monthly payment
- Rs 1,000
- Promised return
- Jewellery worth Rs 28,000 or equivalent money after 24 months
- Case details
- FIR No. 128/25 under Sections 420, 406 and 120B of the Indian Penal Code
- Co-accused status
- Naresh Kumar Verma is reportedly in Dubai, and police are pursuing his apprehension through legal and diplomatic channels
Sources
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