Two arrested for robbing diamonds worth Rs 17 crore

Image
Press Trust of India Surat
Last Updated : Mar 17 2018 | 7:55 PM IST

Two persons were today arrested for robbing semi-processed diamonds worth around Rs 17 crore here at gunpoint, police said. The incident happened on March 14.

Police identified the arrested accused as Arjun Pandey and Manvendra Thakur, both hailing from Uttar Pradesh, and added that a third man, Mohit Singh Rana, was still at large.

Surat Police Commissioner Satish Sharma said that the looted diamonds belonged to a polishing firm called Glow Star Manufacturing Company, and were robbed at gun point from its manager and another employee when the two were on their way to deposit it in a vault in Katargam locality here.

"On the way to the safe deposit vault, the employees were attacked by a group of robbers who fired a round in the air and snatched the bag containing the diamonds. The employees were also injured in the process," Sharma said.

He said the diamonds were roughly valued at around Rs 17 crore, adding that an exact valuation was not possible because they were semi-processed.

He said that the two were arrested following a manhunt by teams from the crime branch, special operations group and Katargam police.

Sharma informed that the looted diamonds were recovered from Pandey's residence while police were searching for the weapon used during the robbery.

"An FIR was filed at Katargam police station under sections 395, 397 (dacoity), 307 (attempt to murder), 34, and 120 (B) (criminal conspiracy) of the IPC, and other sections of the Arms Act and Gujarat Police Act," an official said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Mar 17 2018 | 7:55 PM IST

Next Story