A Jeweller Faked A Theft To Get Insurance

One of the nephews came out of the station and took the bag with the gold into another automobile. When he arrived at the location, he and some others acted as in the event that they have been looking for the criminals throughout. They contacted the police together with the bike, after which filed a complaint.


The document high rupee gold costs, which negatively impacted affordability and client sentiment, was one of the elements that contributed to the decline in jewelry demand. There was a brief however notable impression on gold demand following the ban of 2,000 notes. Gold recycling noticed a 61% improve in Q in comparison with the same period within the previous year.

A Jeweller Faked A Robbery In Order To Get Insurance

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

India’s Q2 Gold Jewelry Consumption Is Down 8%

The nephews were advised to name Raju once they reached the spot on the flyover. They hid the bag with the gold in the boot area of the scooter. After that, he referred to as an unknown individual and gave the police the clue they have been in search of. He confirmed the theft shall be staged on the Sirsi Circle flyover where no cameras are put in. He made positive that the complete scene of packing the jewellery within the night was captured by the cameras.

Cottonpet police solved a case of robbery. Police found that he was going to promote gold and claim insurance. The name made on the day of the grievance crystal rhinestones was found by the police. They grew to become suspicious when the technical approach did not work and tracked the cellphone calls of the man and his nephew.

The owner of a jewelry store in Nagarathpet registered a complaint at the Cottonpet police station. He advised the police that his nephew, who was carrying the jewellery residence, was robbed by a motorbike duo. Everything was recorded from the time the gold was delivered to the shop to the time it was packed. He made sure that the nephews act of leaving the store was recorded.

The improve in recycling was more than likely as a outcome of shoppers cashing in on high gold prices. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand fell within the second quarter of 2023. The complete gold consumption for the quarter was down compared to the same interval in the previous year.