The Mumbai police on Friday booked two diamond brokers who allegedly duped a BKC-based diamond company of Rs 1.20 crore by borrowing the precious stones from it under the pretext of selling them to another company at a higher price.
But the accused – Kishor Abhangi, 51, and Maulik Abhangi, 30 – neither sold the diamonds nor returned the diamonds to the company and went incommunicado, said Gaurav Kothari, the sales manager with the firm that filed a complaint with the police.
The two brokers who work in diamond markets in Mumbai and Surat told Kothari that they know a company that is interested in buying good quality diamonds. “Under the pretext of getting a good profitable deal, the two took 293.70 carats of cut and polished diamonds worth Rs 1.20 crore by signing a mutual Jhangad receipt,” Kothari said in his statement to the police.
Kothari told the police the accused were introduced to his company which has an office in Bharat Diamond Bourse, BKC, by another diamond broker in May.
The police are trying to collect details of the two wanted brokers by making enquiries with other brokers and people the two used to work with, said a police officer.
Kothari’s firm waited for the two brokers to sell the diamond, and after the allotted time expired, they gave vague responses and bought more time when the company asked them to return the precious stones.
The BKC police have registered a case under sections 409 (criminal breach of trust by a public servant or by a banker, merchant, or agent), 420 (cheating), and 34 (common intention) of the Indian Penal Code.
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