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Five persons were arrested for allegedly stealing 199 gold coins they found while demolishing a house in Bilimora in Gujarat's Navsari district, a police official said on Monday. The coins have the image of King George V engraved on them and the house, on Bazaar Street, belongs to NRI Hawaben Balia, who currently resides in Leicester in the United Kingdom, he said. Balia filed a complaint against contractor Sarfaraz Karadiya, who was hired to raze the house, and four labourers hailing from Alirajpur in neighbouring Madhya Pradesh who carried out the demolition, the official said. "A case of theft of gold coins from a heritage house was registered and five persons were named as accused. There was no clarity on the number of gold coins that had been stolen. The FIR was lodged by Balia on October 21," Navsari Superintendent of Police Sushil Agrawal said. The five accused were charged under Indian Penal Code sections 406 (criminal breach of trust) and 114 (abettor present at spot when
The Karnataka government is planning to open jewellery retail outlets and promote the yellow metal with 'Brand Karnataka' image. The government is also planning to produce and sell gold coins with state emblem 'Gandaberunda' (mythical two-headed bird) embedded in them, and aiming to partner with private jewellers. "Gold bars will also be sold in the retail outlets. The state government is planning to produce gold jewellery on the lines of Mysore Silks and Mysore Sandalwood Soaps which have huge market and reputation among customers," Minister for Mines & Geology Murugesh R Nirani. He was speaking to reporters after a meeting with Jewellers Association and jewellery designers here. "This landmark initiative will help government generate more revenue and employment opportunities. Since gold is one of the most popular investment choices of the people, the government's venture is expected to achieve great success," Nirani said. The success of Mysore Silks promoted by ...