Man arrested in Rs 5-cr gold theft

23 December,2010 06:50 AM IST |   |  Akela

Employed at South Mumbai jewellery store since 2005, the accused had made off with gold bars weighing 23 kg earlier this month


Employed at South Mumbai jewellery store since 2005, the accused had made off with gold bars weighing 23 kg earlier this month

The Crime Branch claimed to have cracked the theft case of gold bars worth Rs 5 crore from a Zaveri Bazaar jeweller with the arrest of his employee, Paresh Rawal (20), yesterday.


Paresh Rawal

A 3 kg gold bar was recovered from the accused.

Nisar Tamboli, deputy commissioner of police (crime), confirmed Rawal's arrest. Rawal was produced in the metropolitan court and was remanded in police custody for 14 days.

Gold theft

On December 7, Nathlal Brijlal Gandhi (58), owner of Devkripa Jewellery at Zaveri Bazaar, registered a case of theft against Rawal with the LT Marg police.
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Rawal, who had been employed at the store since 2005, had left for New Delhi on December 5 to collect a consignment of gold bars weighing 23 kg valued at nearly Rs 5 crore.

He returned to the shop on December 6 with the gold and was asked to deliver it to a client in Zaveri Bazar.

Gandhi decided to accompany Rawal and asked him to wait at the shop for a few minutes and stepped out.

When Gandhi returned, he found Rawal gone. He wasn't alarmed initially but decided to file a complaint when he heard no news of Rawal for two days.

Cousin's idea

Rawal, a native of Rajasthan, was living alone in Navi Mumbai. A police source said the idea of the theft was planted in Rawal's head by one of his cousins from Pune.

"Rawal's cousin had suggested that he steal the gold and live comfortably for the rest of his life."

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