Mumbai Fraud: 50-Year-Old Surat Jeweller Booked For ₹1.81 Crore Diamond Scam In BKC

Mumbai: In yet another high-value diamond fraud, BKC Police have registered a case against Rajeshkumar Sharma (50), proprietor of Krishna Jewellers in Surat, Gujarat, for allegedly cheating a Mumbai-based diamond merchant of diamonds worth Rs1.81 crore.

Diamonds Worth Over Rs 1.8 Crore Handed Over on Trust

According to the complaint filed by Rajesh Becharbhai Vithani (48), a partner at Sanjay Brothers Company and a resident of Nana Chowk, the accused Sharma had approached him claiming he had a reputed client interested in purchasing high-quality diamonds.

Trusting the representation, Vithani handed over two consignments to Sharma as Cut and polished natural diamonds weighing 444.86 carats valued at Rs 1,31,23,370 amd Cut and polished lab-grown diamonds weighing 475.82 carats valued at Rs 49,96,110. The total consignment amounted to 920.68 carats, worth Rs 1,81,19,480.

No Payment or Return, Alleged Misappropriation

Sharma received the diamonds against a "zhangad" (consignment note) at Bharat Diamond Bourse, BKC, but failed to pay or return the goods. The complainant alleges that Sharma dishonestly misappropriated the diamonds without any intention of returning them, thereby defrauding him and his company.

Case Filed Under Cheating and Criminal Breach of Trust

The FIR has been registered at the BKC Police Station under sections related to criminal breach of trust and cheating, with prior sanction from Deputy Commissioner of Police, Zone 8. Further investigation is underway.