Mumbai: The MIDC police have arrested a marketing executive officer and distributor, on charges of defrauding a jeweller by illicitly selling 3100 grams of jewellery valued at around ₹1.25 crore.
Due to the 11 years of association with the accused Soni Sakharia, the complainant Pankaj Sukhraj Jain, the owner of PT 950 World of Platinum, a jewellery manufacturing company based in Andheri, appointed Sakharia as the distributor and marketing executive responsible for selling jewellery to traders in Chennai. The company facilitated his stay in Chennai.
Fraudster absconds after defrauding jeweller
Upon joining, Sakharia swiftly secured orders for gold and platinum from ten to twelve jewellers in Chennai. In June 2022, an order totalling ₹4 crore, consisting of 337 pieces of diamond, gold, and platinum jewellery, remained unpaid within the agreed 30-day period. Despite having settled the rest of the amount, ₹1.25 crore was still outstanding as debt. Sakharia avoided inquiries and ceased communication.
Victim files complaint after realising he was duped
Jain, upon discovering the misdeed, filed a complaint with the MIDC police. Subsequently, a case was registered against Sakharia for embezzlement and fraud. However, the accused managed to evade arrest and fled the scene, prompting a comprehensive investigation by the police.
After six months of relentless pursuit, the police successfully arrested Sakharia through a special operation based on technical information. Currently, in police custody, further efforts are underway to determine the recipients of the fraudulently sold jewellery.
