The Mumbai city crime branch on Sunday arrested a gold ornaments manufacturer from West Bengal in connection with an alleged cheating case involving over 2.8 kg of 24-carat gold worth nearly Rs 3.8 crore. The gold had been entrusted to him by multiple jewellery businessmen in Mumbai.
Complaint Filed by Santacruz Trader
The complainant, Bharat Jain, 45, a gold trader based in Santacruz, told police that he had entrusted the manufacturer, Abulhasan Sheikh, with 1,946 grams of gold between October 8 and 11, 2025, for making jewellery according to customer requirements. The gold was allegedly worth around Rs 2.6 crore at that time.
Long-Standing Business Dealings
Police said Jain had regularly handed over gold to Sheikh for manufacturing work and trusted him due to their long-standing business dealings. However, when Jain sent his worker, Vikram Singh, to collect the finished ornaments, the factory was found shut and Sheikh’s mobile phone was switched off.
Investigation Reveals Multiple Victims
Police said the accused could not be found at the residential address in Masjid Bunder mentioned on his Aadhaar card. During investigation, police allegedly found that several other businessmen had also been cheated in a similar manner. Crime branch officials said technical surveillance later led the police to the Purba Bardhaman district in West Bengal, where Sheikh was apprehended.
