India, July 14 -- A manager employed by a South Mumbai jewellery firm allegedly siphoned off 6.12kg of gold jewellery worth Rs.5.8 crore from the company's manufacturing unit in Dagina Bazaar, Mumbadevi. The police have registered a case and launched a search for the accused.

According to the police, complainant Vinit Ranawat, 47, owns Sanghavi Dhanrupji Devaji and Company, a gold and silver jewellery business based in Dagina Bazaar. The accused, Mitesh Kothari, had been working as the firm's manager for the past 15 years. His uncle, Narendra Kothari, was previously employed by the company as an accountant.

Police said the firm had entrusted Mitesh with the keys to its lockers and authorised him to handle the purchase and sale of gold a...