Mumbai: Ghatkopar-Based Diamond Trader Falls Prey In ₹20 Lakh Fraud

Mumbai: A diamond trader was cheated of Rs 20 lakh using cheques with fake signatures. Based on the complaint, the DB Marg police have registered an FIR against two accused, Chetan Shah and Paras Daftary. The complainant in the matter is a 60-year-old diamond dealer from Opera House. He was acquainted with Shah, a Ghatkopar resident, who dealt in diamonds, vehicles, and real estate.

In March 2022, Shah introduced Daftary to the complainant for a diamond deal. The complainant showed Daftary 59.94 carats of polished white diamonds. After negotiations, the deal was finalised at Rs 39,262 per carat. Daftary gave the complainant two cheques of Rs 10 lakh each. However, when the cheques were deposited on the specified dates, they were dishonored due to invalid signatures. Despite follow-ups, the complainant neither received the payment nor the diamonds.