A Jeweller Faked A Robbery So As To Get Insurance

One of the nephews came out of the station and took the bag with the gold into another automobile. When he arrived at the location with a number of others, he acted as if they had been in search of the criminals throughout. They contacted the police along with the bike and filed a criticism.

The Cottonpet police solved the case of the robbery. Police discovered that he was going to sell gold and declare insurance coverage. On the day of the grievance, police found a call on the messaging service. They grew to become suspicious when the technical approach didn’t work and tracked the calls made by the man and his nephew.


The document high rupee gold costs, which negatively impacted affordability and client sentiment, have been one of the contributing factors to the decline in jewelry demand. There was a brief but notable influence on gold demand as a result of the ban of 2,000 notes in the course of the quarter. Gold recycling noticed a significant increase in Q compared to the same interval in the earlier 12 months.

The Thieves Fled With 20 Tola Gold

The increase in recycling was more than likely due to shoppers cashing in on historic high gold prices. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand faced a downturn within the second quarter of 2023. The gold consumption for the quarter was down compared to the same period in the previous yr.

A Jeweller Faked A Robbery So As To Get Insurance Coverage

The proprietor of a jewelry store in Nagarathpet registered a criticism at the Cottonpet police station. He advised the police that his nephew, who was carrying the jewelry residence, was robbed by two bike-borne males. From the time the gold was brought to the shop, every thing was recorded. The nephew carrying the bag out of the store was recorded.

The nephews have been told to name Raju when they reached the spot on the flyover. They hid the bag with the gold within the boot space of their scooter before he arrived. After that, he known as an unknown individual jewellery sets for women and gave the police a clue. The theft shall be staged on the Sirsi Circle flyover the place there aren’t any cameras. He made sure that the whole scene of packing the jewellery was captured by the cameras.

The two minor nephews were educated by their uncle for 15 days to carry out the plan.