The LT Marg police have arrested the owner of a jewellery retail chain, Shreekumar Pillai, 67, in connection with duping several jewellers to the tune of Rs 4.22 crore.  While arresting Shreekumar, the police discovered over R2 crore in cash in his BMW. The money and the vehicle have been seized.

The retail chain, S Kumar Gold and Diamonds, comprises multiple outlets across the country but most of them have shut shop, according to the police.