Mumbai: The L T Marg police have arrested Dilip Sampatraj Jain (44), a resident of Bhiwandi, in a massive jewellery fraud case involving over Rs 3 crore worth of ornaments weighing approximately 30.275 kg. The accused was taken into custody on August 5 following a complaint by a prominent city-based businessman.
Accused Tasked to Deliver Jewellery to South India, Fails to Return
According to the FIR, the complainant, Nikesh Kishor Shah (44), a resident of Rajkamal Heights in Parel and owner of Ambika Gold at Johari Mansion, Kalbadevi, had entrusted Jain with a large consignment of gold jewellery during 2024–2025. Jain, who worked with Shah, was tasked with distributing the jewellery to traders in Andhra Pradesh and Telangana.
However, instead of fulfilling his responsibilities, Jain allegedly misused the ornaments for personal gain and failed to return the consignment. Realizing the breach of trust and financial loss, Shah approached the police and filed a formal complaint.
Owner of Ambika Gold Files Complaint; Case Registered Under Cheating
The police, after seeking approval from Zone 2 DCP office, registered the case and initiated an investigation. Jain was arrested and charged with cheating and criminal breach of trust. Accused sent into Police Custody till 11 August. His past criminal record was found to be clean.
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Investigating officer Sachin Shelke and senior officials visited the crime scene as part of the ongoing probe. Police sources said efforts are underway to recover the stolen jewellery and trace whether any of it was sold or pledged. Further investigation is in progress.
