Based on a complaint, the police on Wednesday registered a first information report against Rajeshkumar Sharma (50), a jeweller from Surat, for cheating and criminal breach of trust under the Bharatiya Nyaya Sanhita (BNS), an official from the Bandra-Kurla Complex (BKC) police station said
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The police on Friday said that a case has been registered against a jeweller from Gujarat for allegedly duping a Mumbai-based diamond merchant of precious stones worth Rs 1.81 crore, reported news agency PTI.
Based on a complaint, the police on Wednesday registered a first information report against Rajeshkumar Sharma (50), a jeweller from Surat, for cheating and criminal breach of trust under the Bharatiya Nyaya Sanhita (BNS), an official from the Bandra-Kurla Complex (BKC) police station said, reported PTI.
He said the complainant, Rajesh Becharbhai Vithani, who is a partner in a diamond trading company, alleged that Sharma contacted him in March, claiming he had a reputed client interested in purchasing high-quality diamonds, and trusting the proposition, he handed over diamonds weighing 920.68 carats, worth around Rs 1.81 crore, to him, reported PTI.
However, Sharma failed to pay for the diamonds or return them and kept giving different excuses, the official said, adding a probe is underway into the allegations.
Thane businessman cheated of Rs 4.11 cr in forex trading scam
In another case, a 42-year-old businessman from Maharashtra's Thane city was allegedly duped of Rs 4.11 crore by cyber fraudsters, including foreign nationals, who lured him to invest in a fraudulent forex trading scheme, police said on Friday, reported PTI.
Based on a complaint, the cyber police on Wednesday registered a case against some foreign nationals and an online trading company.
"A case has been registered against one Tracy Clerk, Paul J Tudor, Bran Camron, and Benjamin Jadore, along with an entity named Metaxoption Company under sections 318(4) (cheating) and 316(5) (criminal breach of trust) of the Bharatiya Nyaya Sanhita, and relevant provisions of the Information Technology Act," an officer said, reported PTI.
He said that the complainant alleged the accused contacted him between March and July 2025, and persuaded him to invest in forex trading.
"They sent him trading links from time to time and assured high returns on investments. Believing their claims, the complainant transferred Rs 4.11 crore into the bank accounts provided by the accused," the official said, reported PTI.
When the victim followed up with the accused about the returns, they evaded his queries, he said.
The official said, "So far, no arrests have been made. The money trail spans multiple accounts, and we suspect the accused may be operating from overseas locations. Technical analysis and bank transaction scrutiny are underway," reported PTI.
(With inputs from PTI)
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