sobo jewellery firm Manager siphons off gold worth Rs.6 crore
Mumbai, July 14 -- A manager employed by a south Mumbai jewellery firm allegedly siphoned off 6.12 kg of gold jewellery worth Rs.6 crore from the company's manufacturing unit in Dagina Bazaar, Mumbadevi.
According to the police, complainant Vinit Ranawat, 47, owns Sanghavi Dhanrupji Devaji and Company, a gold and silver jewellery business. The accused, Mitesh Kothari, had been working as the firm's manager for the past 15 years. The firm had entrusted him with the keys to its lockers.
During a business trip to Patna, Bihar, Mitesh allegedly prevented Hasmukh Ranawat, the complainant's brother, from meeting dealers, raising suspicion. An audit of the firm's accounts revealed a shortage of gold worth about Rs.6 crore.
"When threatened with a police complaint, Mitesh admitted to misappropriating the jewellery. He booked courier consignments in the names of clients but collected the parcels himself," said a police officer....
To read the full article or to get the complete feed from this publication, please
Contact Us.