In separate cases, 2 traders lose diamonds worth Rs 3.12 crore to acquaintances

Two diamond traders were allegedly cheated in separate incidents in Mumbai According to the police the accused used similar modus operandi in both the cases reported PTIIn both instances the traders lost diamonds worth Rs 312 crore which they had loaned to the accused persons who are known to themThe police have registered separate first information reports FIR for cheating and criminal breach of trust against three individuals and launched investigations an officer from BKC Police Station saidOne of the complainants owns a unit at the BKC Diamond Bourse and was allegedly approached by Shalibhadra Kothari in July 2023 reported PTI The trader lent Kothari an 8carat diamond valued at Rs 203 crore with the promise that either payment would be made or the diamond returned within a few days but it was never returnedIn the second case Nishit Mehta and Vishal Shah were booked for allegedly failing to return diamonds worth Rs 109 crore Mumbai Police saidAuthorities suspect that the trio may have targeted other traders as well PTI reported A search is underway to apprehend the accusedMan poses as Amit Shahrsquos nephew dupes people of Rs 39 croreA Delhi court on Tuesday rejected the bail plea of a man accused of cheating Rs 390 crore by posing as the nephew of Union Home Minister Amit Shah PTI reportedAdditional Sessions Judge Dr Hardeep Kaur dismissed the bail application of Ajay Kumar Nayyar who allegedly played a key role in the crime Nayyar is accused of promising a Rs 90crore government tender for supplying leather for the renovation of the Rashtrapati BhawanPresidents Estate and receiving Rs 390 crore through cash and RealTime Gross Settlement RTGS from the complainantThe allegations against the accused are very serious and grave in nature which entail severe punishment The prosecutionrsquos concern that the accused might misuse his liberty if granted bail seems valid the judge statedConsidering the seriousness of the allegations and the gravity of the offence this Court is not inclined to release the applicantaccused on bail Therefore the present bail application stands dismissed the judge further saidThe accused had filed the bail application citing that he had been in custody for over three years and that further imprisonment would serve no purposeHowever the prosecution opposed the application stating that the complainant was defrauded of Rs 39 crore under the pretext of securing a government tenderThe accused allegedly impersonated Amit Shahs nephew and promised to secure a substantial tender for the complainantAdvocate Karunesh Kumar Shukla representing the complainant also opposed the bail pleaWith PTI inputsatOptionskeyd0ddb8ef8f1a62a8cdd22fac27fc5ea7formatiframeheight90width728params