4 hrs ago
Gujarat High Court Grants Final Extension in Diamond Fraud Bail
A man named Harekrushna alias Hari Kamleshbhai Raval is accused in a large diamond fraud case.
Police say fake online buyers were used to persuade traders to send diamonds overseas.
The traders allegedly did not receive payment.
The case involves seven diamonds said to be worth ₹4.80 crore.
Raval was granted bail but had to deposit ₹10 lakh.
He managed to arrange only ₹5 lakh by the deadline.
He told the court that being in jail had stopped his diamond business.
The Gujarat High Court gave him one final month to pay the remaining ₹5 lakh.
The court said it would not allow another extension.
Harekrushna alias Hari Kamleshbhai Raval received one final month to deposit ₹5 lakh toward his bail surety.
Raval is accused of helping orchestrate a ₹4.80-crore international diamond fraud involving fake US-based buyer profiles.
The alleged syndicate used RapNet, WhatsApp and virtual phone numbers to obtain diamonds without payment.
The prosecution said Raval’s role differed from co-accused and that he allegedly received ₹20 lakh from one diamond sale.
The court cited recovered diamonds, the completed investigation, filed chargesheet, Raval’s clean record and his ₹10-lakh deposit offer when granting bail.
- Who
- Harekrushna alias Hari Kamleshbhai Raval, who is accused in the fraud case; the complaint was filed by Sanjaybhai Jadavbhai Goti of Nilkanth Solitaire.
- What
- The Gujarat High Court granted Raval a final one-month extension to deposit the remaining ₹5 lakh required under his bail conditions.
- Where
- The case was registered at the Surat Detection of Crime Branch police station and concerns diamonds shipped to Dubai and Bangkok.
- When
- Raval was arrested on March 25; bail was granted in July, and the latest order provides an additional 30 days.
- Why
- Raval said his business had collapsed during his incarceration, leaving him unable to arrange the full ₹10-lakh deposit on time.
Accused’s and defense’s position
Prosecution’s position
Reason for extension
Accused’s and defense’s position
Raval’s counsel said his prolonged incarceration brought his diamond business to a complete standstill, so he could arrange only ₹5 lakh despite relentless efforts.
Prosecution’s position
The prosecution opposed the original bail request and maintained that the bail undertaking and deposit conditions should be enforced.
Raval’s alleged role
Accused’s and defense’s position
The defense relied on the recovery of six of seven diamonds, completion of the investigation, the filed chargesheet, Raval’s clean record and his offer to deposit ₹10 lakh.
Prosecution’s position
The prosecution argued that Raval’s role differed from that of co-accused who had received bail, that the money trail led to him, and that he allegedly received ₹20 lakh from selling an unrecovered diamond.
Court’s decision
Accused’s and defense’s position
The court accepted the request because of the case’s peculiar facts and gave Raval a final 30-day period to complete the deposit.
Prosecution’s position
The court cautioned that no further extension would be granted, meaning failure to pay could violate Raval’s bail conditions.
Key facts
- Accused
- Harekrushna alias Hari Kamleshbhai Raval
- Alleged fraud value
- ₹4.80 crore
- Bail deposit required
- ₹10 lakh
- Amount deposited
- ₹5 lakh
- Remaining amount
- ₹5 lakh
- Extension granted
- One final month, or 30 days
- Diamonds involved
- Seven allegedly delivered; six were later recovered from co-accused
- Investigation status
- Investigation was completed and the chargesheet was filed
Quotes
Justice Hasmukh D Suthar
Gujarat High Court judge who granted Raval the final extension
“No further extension will be given to the applicant”
indianexpress.com
Sources
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