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Man arrested for stealing diamonds worth Rs 1.25 cr

Last Updated: Saturday, May 12, 2012 - 20:07

Mumbai: A 30-year-old daily wage worker of a firm, dealing in diamond trading, was arrested from suburban Malad for allegedly stealing diamonds worth Rs 1.25 crore ten days ago, police said on Saturday.

Acting on a tip-off, a trap was laid and the accused Kanhaiyyalal Dave was caught in Malad, when he reached there to sell the stolen diamonds worth Rs six lakh, police said.
"After his interrogation, diamonds worth Rs 1.16 crore were also recovered. So far, the valuables worth Rs 1.22 crore rpt crore were seized from the accused," a police officer at D B Marg police station said.

According to police, Dave, who started working for Kesaria Enterprise at Opera house in south Mumbai since April 24 on a daily basis, had attended the office on May 2.

"Dave, who was into diamonds assortment and polish work, had in the afternoon left the office, but did not return. Diamonds worth Rs 1.25 crore were also missing, following which, the firm`s owner Paras Kochar lodged a complaint reporting the theft incident," the officer said.

Since Dave had also stopped coming to the firm, the investigators strongly suspected that he would have stolen the valuables, police said.
"The phone of the accused was switched off since the theft incident was reported. We had inputs that Dave would come to Malad on Friday, following which, a trap was laid and he was nabbed," the officer said adding that the accused was remanded in police custody till May 14.


First Published: Saturday, May 12, 2012 - 19:58
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