Archive · 28 Aug 2026
Two More Arrested in Kolkata Jewellery Store Embezzlement Case
Police in Kolkata arrested two more people in a jewellery store case.
The arrests happened in Rishra, in West Bengal’s Hooghly district.
Police say gold and silver disappeared from a store on Shakespeare Sarani.
They estimate that about 60 kilograms of gold and 10 kilograms of silver were taken.
The missing items were allegedly worth around Rs 66 crore.
Investigators say forged invoices may have been used.
Another store employee, Ananta Kumar Gupta, was previously arrested in Bengaluru.
Police are questioning the accused to find out whether more people were involved.
Kolkata Police arrested Shyam Parekh and Sushil Parekh in Rishra.
The arrests concern alleged embezzlement from a jewellery store on Shakespeare Sarani.
Police allege approximately 60 kilograms of gold and 10 kilograms of silver were misappropriated.
The allegedly siphoned jewellery was valued at about Rs 66 crore and involved forged invoices.
The court ordered both accused to remain in police custody until September 5.
- Who
- Kolkata Police arrested Shyam Parekh and Sushil Parekh; store employee Ananta Kumar Gupta was previously arrested.
- What
- The arrests are part of an investigation into the alleged embezzlement of gold and silver from a jewellery store.
- When
- The two suspects were produced in court on Wednesday and ordered held in police custody until September 5.
- Where
- The alleged embezzlement occurred at a store on Shakespeare Sarani in Kolkata; the two latest arrests took place in Rishra, Hooghly district.
- Why
- Police allege that forged invoices were used to siphon off gold and silver and are investigating possible accomplices.
- Latest arrests
- Shyam Parekh and Sushil Parekh
- Arrest location
- Rishra, Hooghly district, West Bengal
- Allegedly misappropriated gold
- Approximately 60 kilograms
- Allegedly misappropriated silver
- Approximately 10 kilograms
- Estimated value
- Approximately Rs 66 crore
- Alleged method
- Forged invoices
- Court order
- Police custody until September 5