A Jeweller Faked A Theft In Order To Get Insurance Coverage

One of the nephews came out of the station and took the bag with the gold into one other car. When he arrived at the location, he and a few others acted as in the occasion that they have been in search of the criminals. They contacted the police along with the bike and filed a complaint.

A case of theft has been solved by Cottonpet police. Police found that he was going to promote gold and declare insurance coverage. The name made on the day of the grievance was discovered by police. They turned suspicious when the technical approach didn’t work and tracked the telephone calls made by the man and his family.


The report high rupee gold prices, which negatively impacted affordability and consumer sentiment, have been one of the contributing factors to the decline in jewellery demand. There was a brief but notable impression on gold demand following the ban of 2,000 notes. Gold recycling noticed a 61% enhance in Q in comparison with the identical period within the earlier year.

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Many customers selected to reap the benefits of historic excessive gold prices in order to enhance their recycling. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand fell within the second quarter of 2023. The total gold consumption for the quarter declined by 7% in comparability with the same period within the earlier 12 months.

India’s Q2 Gold Jewelry Consumption Dropped By 8%

The proprietor of a jewelry shop in Nagarathpet registered a grievance on the Cottonpet police station. He advised the police that his nephew, who was carrying the jewelry residence in a bag, was robbed by a bike-borne duo. Everything was recorded after the gold was brought to the shop. He made certain that the nephew’s act of leaving the store and carrying the bag was recorded.

As instructed, the nephews carrying the bag reached the planned spot on the flyover and called Raju. They hid the bag with the gold within the boot space of their scooter before he arrived. The police needed a clue after he crystal rhinestones referred to as an unknown person. The theft shall be staged on the Sirsi Circle flyover the place there aren’t any cameras. He made positive that the complete scene of packing the jewelry within the evening was captured by the cameras.

The two minor nephews have been skilled by their uncle for 15 days to carry out the plan.