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

One of the nephews got here out of the station and took the bag with the gold into one other car. When he arrived at the location, he and a few others acted as if they were in search of the criminals all over. They contacted the police together with the bike and made a grievance.


The nephews were advised to call Raju when they reached the spot on the flyover. They hid the bag with the gold within the boot area of their scooter before he arrived. After that, he referred to as an unknown particular person and gave the police the clue. He confirmed that the theft might be staged on the Sirsi Circle flyover the place no cameras are installed. The complete scene of packing the jewelry on the store in the night was captured by the cameras.

The enhance in recycling was most likely due to consumers cashing in on the excessive gold costs. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand fell within the second quarter of 2023. Despite an increase in worth, the total gold consumption for the quarter recorded a decline.

Cottonpet police solved a theft that was lodged by a city jeweller. The police discovered that he was going to sell the gold and declare the insurance coverage. The name made on the day of the jewellery sets for women grievance was found by police. They grew to become suspicious when the technical method did not work and tracked the phone calls made by the man and his nephew.

They Stole 20 Tola Gold From The Jewelry Store

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

India’s Q2 Gold Jewellery Consumption Dropped By 8%

The report high rupee gold costs, which negatively impacted affordability and shopper sentiment, was one of many components that contributed to the decline in jewellery demand. Following the ban of two,000 notes in the course of the quarter, there was a short but notable impression on gold demand. Compared to the same interval in the previous yr, gold recycling saw a sharp enhance in Q, with a outstanding 61% improve.

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

The owner of a jewelry store in Nagarathpet registered a criticism on the Cottonpet police station on July 12. He told the police that his nephew, who was carrying the jewellery residence in a bag, was robbed by a bike-borne duo. Everything was recorded from the time the gold was dropped at the store to the time it was packed. He made positive that the nephew’s act of leaving the shop and carrying the bag was recorded.