Mumbai, June 2025:
A jeweller based in Mumbai has been booked for allegedly cheating a gold supplier of approximately ₹93.5 lakh. The incident came to light after the supplier filed a formal complaint with the police, stating that the accused failed to make payments for gold delivered over a series of transactions.
According to the FIR registered at the VP Road Police Station, the jeweller received multiple consignments of gold from a reputed supplier between December 2023 and February 2024. Despite several follow-ups and verbal assurances, the accused failed to clear the outstanding dues, which eventually totaled ₹93.5 lakh.
🧾 Allegations and Legal Action
Police officials confirmed that a case has been registered under the following sections of the Indian Penal Code (IPC):
Section 406 – Criminal breach of trust
Section 420 – Cheating and dishonestly inducing delivery of property
A senior police officer stated:
"Preliminary investigation indicates a deliberate intention to default on the payments. The accused is currently untraceable and efforts are underway to locate him."
📊 Business Dispute or Criminal Offense?
While the accused jeweller allegedly attributed the delay in payment to financial difficulties, the gold supplier presented documentation suggesting fraudulent intent—including undated cheques and evasive communication.
Legal experts point out that business disputes can escalate into criminal cases if there’s sufficient proof of intention to cheat.
🔍 Current Status
An FIR has been filed and investigation is ongoing.
CCTV footage, transaction records, and mobile data are being reviewed.
A lookout notice may be issued if the accused continues to evade authorities.
❓ FAQs
Q1. Where did the fraud take place?
The alleged fraud occurred in Mumbai, with the FIR filed at VP Road Police Station.
Q2. How much money is involved in the case?
The jeweller allegedly cheated the gold supplier out of ₹93.5 lakh worth of gold.
Q3. What sections of law have been applied?
Sections 406 (Criminal breach of trust) and 420 (Cheating) of the Indian Penal Code (IPC).
Q4. Has the jeweller been arrested?
No arrest has been made yet. The accused is absconding, and a search is underway.
Q5. Is this a criminal case or a civil dispute?
Though the incident originated as a business transaction, police have found enough evidence of fraudulent intent, turning it into a criminal case.
published on 23rdjune
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