A Jeweller Faked A Robbery Of Rs Four Cr Gold To Claim Insurance Coverage

The nephews were advised to call Raju when they reached the deliberate spot on the flyover. They hid the bag with the gold within the boot area of their scooter earlier than he arrived. After that, he called an unknown particular person and gave the police a clue. He confirmed that the robbery might be staged on the Sirsi Circle flyover the place there aren’t any cameras. He made sure that the entire scene of packing the jewellery at the store in the evening was captured by the cameras.

Many customers selected to take advantage of historic excessive gold prices in order to improve their recycling. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand confronted a big downturn within the second quarter of 2023. Despite a rise in value, the entire gold consumption for the quarter recorded a decline.


The two minor nephews were skilled by their uncle for 15 days to hold out the plan.

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A criticism was registered on the Cottonpet police station by the proprietor of a jewelry shop. He informed the police that his nephew, who was carrying the jewelry in a bag, was robbed by a bike-borne duo. Everything was recorded from the time the gold was delivered to the shop to the time it was packed. He made certain that the nephews’ act of leaving the shop and carrying the bag was recorded.

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The Cottonpet police solved a case of theft. Police discovered that he was going to sell gold and declare insurance. The name was made on the silver jewellery for women day of the complaint. They turned suspicious when the technical approach didn’t work and tracked the telephone calls made by the person and his household.

A Jeweller Faked A Theft Of Rs 4 Cr Gold To Get Insurance

The decline in jewelry demand was attributable to the record high rupee gold prices, which negatively impacted affordability and consumer sentiment. There was a quick however notable impact on gold demand because of the ban of 2,000 notes in the course of the quarter. Gold recycling noticed a 61% increase in Q in comparability with the identical period in the earlier 12 months.

One of the nephews came out of the station and took the bag with the gold into one other car. When he arrived on the location, he and a few others acted as in the occasion that they had been on the lookout for the criminals. They contacted the police together with the bike and made a criticism.