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Sunday, December 08, 2019

Two jewellers arrested for ‘cheating several investors’ in Mumbai

However, since last month, the two allegedly stopped making payments, following which, investors had approached the Pant Nagar police.

| Mumbai | Published: November 12, 2019 1:41:24 am
Mumbai Police, Mumbai jewelry fraud, jewelry fraud Mumbai, Mumbai news, City news, Indian Express Police said the jewellers had offered various gold-related schemes in which a person could invest money and earn higher return. (Representational Image)

The Mumbai Police on Monday arrested Jayesh Rasiklal and Nikesh Rasiklal, directors of Rasiklal Sankalchand Jewellers (RSJ), for allegedly cheating several investors.

Police said the jewellers had offered various gold-related schemes in which a person could invest money and earn higher return.

However, since last month, the two allegedly stopped making payments, following which, investors had approached the Pant Nagar police. The case was later transferred to the Economic Offences Wing of the Mumbai Police, following which, an FIR on charges of cheating, among other sections, was registered. The EOW had earlier issued a Look Out Notice against the accused.

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