An agent and six others have been arrested for allegedly stealing diamonds worth around Rs 27 crore from several jewellers here, a senior police official said Thursday.
As many as 25 diamond traders had lodged a complaint with BKC police station about the theft in December.
The complainants said that Yatish Pichariya, a broker, and his accomplices took diamonds from them promising to find buyers, but vanished thereafter.
The probe revealed that after fleeing the city, Pichariya lived in various places in Uttar Pradesh, Punjab, Rajasthan and Bihar, and even visited the ongoing Kumbh Mela at Prayagraj disguised as a sadhu.
However, he could not sell off the diamonds he had stolen and returned to Mumbai, said Deputy Commissioner of Police Anil Kumbhare.
Acting on a tip-off, police arrested him Tuesday and it led to the arrest of other accused, he added.
The police recovered Rs 38 lakh worth of stolen diamonds from them.
The accused have been booked under IPC sections 409 (criminal breach of trust), 420 (cheating) and other relevant offences.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app