The Jeweller Faked The Robbery Of Rs 4 Cr Gold To Get Insurance

The nephews had been advised to name Raju once they reached the spot on the flyover. They hid the bag with the gold in the boot area of their scooter earlier than his arrival. After that, he called an unknown individual and gave the police the clue they were in search of. He confirmed the theft will be staged on the Sirsi Circle flyover where no cameras are installed. He made sure that the complete scene of packing the jewelry within the night was captured by the cameras.


The Cottonpet police solved a case of theft. Police discovered that he was going to promote the gold and declare insurance. On the day of the grievance, police found jewellery sets for women a name on the messaging platform. They became suspicious when the technical approach did not work and tracked the phone calls made by the person and his family.

One of the nephews got here out of the station and moved the bag with the gold into one other vehicle. When he arrived on the location, he and some others acted as in the occasion that they have been on the lookout for the robbers all over. They went to the police with the bike and filed a complaint.

Many consumers selected to take benefit of historic excessive gold prices to be able to improve the amount of recycling. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand confronted a downturn in the second quarter of the year. Despite a rise in value, the entire gold consumption for the quarter recorded a decline.

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

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

The Thieves Fled With 20 Tola Gold

The report high rupee gold prices, which negatively impacted affordability and shopper sentiment, were one of many contributing components to the decline in jewelry demand. There was a short but notable impression on gold demand following the ban of 2,000 notes. Gold recycling saw a 61% increase in Q in comparability with the identical period in the earlier yr.

The proprietor of a jewelry store in Nagarathpet registered a grievance at the Cottonpet police station on July 12. He informed the police that his nephew, who was carrying the jewelry home, was robbed by a bike-borne duo. From the time the gold was delivered to the store, every little thing was recorded. He made positive that the nephews’ act of leaving the shop and carrying the bag was recorded.