Mumbai merchant files complaint after 2 employees siphon off diamonds worth Rs 5.62 crore

According to the police, the owner of the company, Sanjay Babulal Shah, 55, would assign work to the two accused persons, wherein the two were sent with diamonds of different kinds and quality to show to clients, and were then to return to office.

During this time, the employees would have to maintain a record about the diamonds they were carrying.

As per the FIR, between April–October this year, the two accused, in a breach of their employer’s trust, secretly siphoned off diamonds worth a total of Rs 5.52 crore.

Recently, the employer discovered the fraud. He made inquiries, collected evidence and then recently approached the police, an officer said.

The BKC police station on Monday registered a case under sections 408 (criminal breach of trust by employee), 420 (cheating) and 34 (common intention) of the Indian Penal Code, and are on the lookout for the accused.

The police are also checking if the accused persons were helped by others, another officer said.