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Sales manager held for swindling cash, jewels worth Rs 37 lakh

The LT Marg police on Sunday arrested a 27-year-old sales manager working with a jewellery firm for alleged swindling cash and ornaments worth Rs 37 lakh while the owner was away attending a family function.

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The LT Marg police on Sunday arrested a 27-year-old sales manager working with a jewellery firm for alleged swindling cash and ornaments worth Rs 37 lakh while the owner was away attending a family function.

According to the police, the complaint was filed by Hastimal Jain, 51, who runs a business of ornament manufacturing at his office in Zaveri Bazaar. Hastimal had hired Mitesh Jain, a resident of Khadak Road in Bhiwandi, in April last year after being introduced to him by a common friend. Between April and December last year, Mitesh travelled from Mumbai to Bengaluru to deliver gold ornaments and collect payments on behalf of the company.

"On January 15, Hastimal and his family went to attend family functions in Rajasthan and Gujarat, so he handed over keys to his lockers containing gold and cash to Mitesh so he could look after the business. Hastimal had kept 1,200 grams of fine gold worth Rs 32 lakh and Rs 5 lakh in cash in his Zaveri Bazaar shop," said an officer from LT Marg police station.

Between January 15 and February 18, Mitesh kept in touch with Hastimal over phone and regularly updated him about the sales and payment receipts of the company. On February 19, Mitesh's phone became unreachable, police said.

"Hastimal returned to Mumbai on February 28 and learned that Mitesh had not been coming to office since February 18. The gold and cash were also missing from the locker. After all his efforts to contact Mitesh failed, Hastimal approached us," said the officer.

The police discovered that Mitesh had been staying in a hotel in Shirdi since March 12. A police team reached Shirdi on Saturday and apprehended him. He has been booked under section 408 (criminal breach of trust) of the Indian Penal Code.
 

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