Thane, Feb 7 (PTI) A case of cheating has been registered here against a jeweller for allegedly mortgaging customers’ jewellery and misappropriating investors’ money.
A First Information Report (FIR) was registered under Indian Penal Code sections 406 (criminal breach of trust) and 420 (cheating) but no arrest has been made, said an official on Tuesday.
Since 2021, the Kalyan-based jeweller allegedly mortgaged jewellery belonging to customers and also ran a `bhishi’ saving scheme where he collected Rs 26,74,000 and misappropriated the money.
When some investors visited his shop to claim back their money, they found the shop closed and the jeweller untraceable, following which they approached police. PTI COR KRK KRK
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