A 55-year-old jeweller from Punjab, who had been absconding for two years after allegedly cheating a Mumbai-based jeweller of 9.5 kg of gold, has been arrested by the Borivli police from Amritsar. His younger brother, also reportedly involved in the crime, is still at large.

According to police sources, the accused, Suresh Narindar Verma, vanished after fleeing with the gold. During the investigation, it was discovered that Verma had used the stolen gold to set up a nightclub in Punjab and a Punjabi restaurant in Bengaluru. However, both ventures failed, leading to substantial financial losses. In a bid to recover those losses, Verma reportedly turned to illegal online betting, where he allegedly lent money to individuals and ran a gambling operation through digital platforms.

The complainants, Navinchandra Sagar, 56, and his son Deep Sagar, are jewellery manufacturers operating under the name Momai Creation in Mumbai. They came into contact with Verma during a jewellery exhibition 15 years ago.