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Broker arrested for diamond heist in Mumbai

A 36-year old diamond broker was arrested by crime branch sleuths on Sunday for allegedly stealing over Rs4 crore worth of diamonds from a Grant Road shop

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A 36-year old diamond broker was arrested by crime branch sleuths on Sunday for allegedly stealing over Rs4 crore worth of diamonds from a Grant Road shop

earlier this month. The accused was identified as Ramesh Jain.
Joint commissioner of police (crime) Himanshu Roy said the burglary took place on April 14 in the fourth-floor office of Paresh Shah at the Sakina Manzil building near Diamond Market.

The next day, when Shah returned to his office, he suspected nothing as none of the locks was broken. But on opening the safe, which too was locked, he found that 2,925 carats of diamonds and silver coins worth Rs10,000 had gone missing. A case was registered at the DB Marg police station. Crime branch Unit II, too, was roped in to probe the case.

“It was a perfect crime. There was no clue left by the thief. We inquired with the building watchmen and Shah’s employees, but got no lead in the case,” Roy said.

The breakthrough came days later, when crime branch officers learnt that a diamond broker, named Ramesh Jain, had gone missing since the day of the theft. After coming to know that Jain used to visit Sakina Manzil regularly for business purposes, they asked sources to be on the lookout for him.

“On Sunday, the police received a tip-off that Jain would be coming to Ratnadeep Compound to sell diamonds to a customer,” additional commissioner Deven Bharti said.
A trap was laid by a team headed by inspector Dinesh Ahire. Jain was apprehended the moment he arrived. “Searching him we found 1,565 carats of diamonds worth Rs2.65 crore. Shah identified the diamonds as his,” Ahire said.

Roy said Jain did the planning two months ago. “Shah’s shop closes at 7pm, and at that time Jain was there at the spot. Since he knew the watchman, Jain gave him money and sent him to buy a sandwich from a distant shop. It took nearly two hours for the watchman to return,” he said.

That gave Jain enough time. Taking out the keys to Shah’s shop from the drawer of the watchman’s table, he made duplicate keys.

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