2 mins read

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

The report high rupee gold costs, which negatively impacted affordability and client sentiment, have been one of many elements that contributed to the decline in jewellery demand. There was a brief but notable impression on gold demand because of the ban of 2,000 notes through the quarter. Gold recycling saw a sharp increase in Q compared to the same period within the earlier yr, with a outstanding 61% increase.

Cottonpet police solved a case of theft. The police found that he was going to promote the gold and claim the insurance coverage. The name was made on the day of the complaint. They became suspicious when the technical approach did not work and tracked the telephone calls made by the man and his nephew.


The improve in recycling was most probably due to shoppers cashing in on historic excessive gold prices. According to the World Gold Council’s Gold Demand Trends report, India’s crystal rhinestones gold demand faced a downturn in the second quarter of 2023. The complete gold consumption for the quarter was down compared to the same period within the previous yr.

A Jeweller Faked A Robbery In Order To Get Insurance

A grievance was registered at the Cottonpet police station by the proprietor of a jewellery store. He informed the police that his nephew, who was carrying the jewellery house, was robbed by a motorcycle duo. Everything was recorded after the gold was brought to the store. He made positive that the nephew’s act of leaving the store and carrying the bag was recorded.

The nephews have been told to call Raju as they reached the planned 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 known as an unknown individual and gave the police a clue. The theft shall be staged on the Sirsi Circle flyover the place no cameras are put in. The whole scene of packing the jewellery in the evening was captured by the cameras.

Someone Stole 20 Tola Gold From A Jewelry Store

One of the nephews came out of the station and introduced the bag with the gold into one other vehicle. When he arrived at the location, he and some others acted as in the event that they had been looking for the criminals. They contacted the police along with the bike, and then filed a grievance.

The two minor nephews had been educated for 15 days to carry out the plan.