Ahmedabad: A 29-year-old wholesale jeweller from Satellite has alleged cheating of Rs 1.8 crore after supplying gold jewellery on market credit terms to a retail outlet in Dholka, according to a complaint filed with the detection of crime branch (DCB) on Monday.
Details of the Alleged Fraud
The complainant came into contact with the Dholka jewellery shop owner about nine months ago. The complaint alleged that the accused bought gold jewellery worth Rs 1.8 crore with payment promised within a month according to prevailing market credit practices, and a cheque was given as security.
No Payment Made
The complainant alleged that no payment was made, and the jewellery was also not returned. On visiting the buyer's premises, the shop was allegedly found shut, and his mobile phones were switched off. The crime branch is investigating further.
