Mumbai: businessman cheats on jeweler of Rs 4.82 cr under pretext of buying gold, by designing jewelry


Police said the accused was also facing another cheating case at LT Marg police station. | Photo credit: iStock images

Highlights

  • The accused had promised the jeweler to buy him gold and to design the jewelry on the Italian model.
  • The accused has been identified as Bhupendra Makhejiya, a resident of Vile Parle

Bombay: 51 year old businessman arrested by Mumbai police for allegedly cheating on jeweler for Rs 4.82 cr. The arrest was carried out by the DB Marg police station.

The accused had promised the jeweler to buy him gold and to design the jewelry on the Italian model.

The accused was identified as Bhupendra Makhejiya, a resident of Vile Parle. The jeweler told police Bhupendra told him he had started a gold design unit and purchased a machine for it, according to a Times of India report.

According to the police, Bhupendra told the victim that he could buy gold for himself and design the jewelry on the Italian model, as it would help the jeweler to save on import duties.

“The accused also allegedly lured the victim by telling him that he would not charge any jewelry design fees,” said a police officer quoted in the report.

The jeweler transferred the money to the accused’s account via RTGS after the two agreed to a deal. However, Bhupendra never gave the gold or returned the silver to the jeweler. After that, the jeweler approached the police with a complaint.

During the investigation, police discovered that Bhupendra had neither purchased a machine nor set up a jewelry design unit.

Police then filed an FIR under section 405 (criminal breach of trust) and 420 (cheating) of the IPC against the accused.

Police said they were reviewing Bhupendra’s financial records to find out what he did with the money he received from the jeweler.

According to the police, at first glance, it appears that the accused used the money for his own business. Police said the accused was also facing another cheating case at LT Marg police station.


Comments are closed.