2 days Ago
Surat: The economic offences cell (EOC) of the detection of crime branch arrested two diamond traders for their alleged involvement in a Rs 6 crore cheating case . Eleven accused were booked by the EOC for taking delivery of lab-grown and natural diamonds from the victim and not making payments since Aug 2022. Police arrested Pancha alias Hanu Shingad and Nilesh Shah for the alleged cheating.
The other accused persons — Hitesh Gudala, Hitesh Purohit, Hanu Sapramer, Navin Soni, Parag Mehta, Ashok Patel, Raju, Vipul Patel and Vigul Vaghani — are yet to be arrested. A complaint for criminal breach of trust , cheating and criminal conspiracy was lodged by Dhanesh Sanghvi, who runs a diamond and jewellery business. The alleged fraud occurred in Aug 2022 and after multiple attempts to recover the money or the diamonds, Sanghvi lodged the complaint.
Sanghvi said Shingad approached him in 2022 and claimed he was an established diamond businessman with a good reputation among traders. Trusting him, Sanghvi supplied diamonds to Shingad. For a few initial orders, the accused made payments.
Maharashtra Jharkhand Maharashtra Alliance View i Party View Seats: 288 Results Majority: 145 BJP+ 229 MVA 47 OTH 12 Results : 288 / 288 BJP+ WON Jharkhand Alliance View i Party View Seats: 81 Results Majority: 41 INDIA 56 NDA 24 OTH 1 Results : 81 / 81 INDIA WON Source: PValue Similarly, the other accused gradually developed business terms with Sanghvi by making purchases which they paid for initially. Later, the accused did not make payments and sought time. Sanghvi continued reminding them, but they did not pay up.
Shingad alone took diamonds worth Rs 2.21 crore and defaulted on payment. Gudala owes Rs 1.
23 crore and Rs 72 lakh is due from Sapramer. Shah failed to pay Rs 34 lakh..
