A Jeweller Faked A Theft Of Rs Four Cr Gold To Get Insurance

The nephews were advised to call Raju as they reached the planned spot on the flyover. They hid the bag with the gold in the boot space of the scooter. After that, he known as an unknown individual and gave the police the clue they were looking for. He confirmed that the theft might be staged on the Sirsi Circle flyover where no cameras are installed. He made positive that the entire scene of packing the jewelry within the evening was captured by the cameras.


The Cottonpet police solved the case of the theft. Police came upon that he was going to sell the gold and claim the insurance. On the day of the criticism, police found a call on the messaging service. They became suspicious when the technical strategy didn’t work and tracked the telephone calls made by the person and his household.

The Jeweller Faked The Theft Of Rs Four Cr Gold To Get Insurance Coverage

The decline in jewellery demand was attributable to the record high rupee gold prices, which negatively impacted affordability and client sentiment. There was a quick but notable impact on gold crystal rhinestones demand following the ban of 2,000 notes. Gold recycling saw a pointy enhance in Q compared to the identical period within the previous 12 months.

India’s Q2 Gold Jewelry Consumption Dropped By 8%

The two minor nephews were trained for 15 days to hold out the plan.

One of the nephews came out of the station and moved the bag with the gold into another car. When he arrived on the location, he and some others acted as if they had been in search of the thieves all over. They contacted the police along with the bike and made a criticism.

India’s Q2 Gold Jewellery Consumption Dropped 8%

The enhance in recycling was most likely due to consumers cashing in on the excessive gold prices. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand fell within the second quarter of the 12 months. Despite a rise in value, the total gold consumption for the quarter recorded a decline.

The proprietor of a jewelry store in Nagarathpet registered a grievance at the Cottonpet police station. He advised the police that his nephew, who was carrying the jewelry home, was robbed by two bike-borne men. Everything was recorded from the time the gold was brought to the store. The nephew carrying the bag out of the store was recorded.

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