Archive · 15 Aug 2025
Mumbai Police Search for Accused in ₹4 Crore Jewellery Fraud
In Mumbai, police are looking for four people who are accused of stealing gold from jewelers.
One employee, Ramesh Jain, disappeared with gold worth 2.5 crore rupees.
Another person, Bhavesh Solanki, is accused of not paying for 1.35 crore rupees worth of gold.
Two others are also accused of not paying for 18 lakh rupees worth of gold.
The police are investigating the cases and searching for the accused.
LT Marg Police declared four individuals wanted in connection with a ₹4 crore jewellery fraud.
The accused allegedly misappropriated gold ornaments from three jewellers in Kalbadevi.
Ramesh Jain, an employee, is accused of absconding with ₹2.5 crore worth of gold.
Bhavesh Solanki is alleged to have taken gold worth ₹1.35 crore from another jeweller.
Two others are accused of defaulting on payments for gold worth ₹18 lakh.
- Who
- LT Marg Police, Bhavesh Solanki, Ramesh Jain, Dayashankar Sharma, and Avnish Goldi, and several jewellers.
- What
- LT Marg Police are investigating a ₹4 crore jewellery fraud involving four suspects.
- When
- Between February and June, 2023.
- Where
- Kalbadevi, Sheikh Menon Street, and Dhanji Street in Mumbai.
- Why
- To investigate the misappropriation of gold and apprehend the suspects.
- Accused Wanted
- Bhavesh Solanki, Ramesh Jain, Dayashankar Sharma, and Avnish Goldi
- Total Fraud Amount
- ₹4 crore
- Location of Crimes
- Kalbadevi, Sheikh Menon Street, Dhanji Street
- Involved Police Station
- LT Marg Police Station
- Employee's alleged theft value
- ₹2.5 crore
- Solanki's alleged theft value
- ₹1.35 crore
- Gold's disappearance value
- ₹18 lakh
