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Mumbai: Cops arrest three for Rs 21 crore gold theft and investment scam
Updated On: 31 July, 2024 09:13 AM IST | Mumbai | Faizan Khan
The corporation conducted an audit and discovered that the gold was missing, leading to the uncovering of the swindle
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Three individuals, including two finance business managers, have been taken into custody by the property cell of the Mumbai Crime Branch. The suspects allegedly sold 29 kg of gold worth Rs 21 crore that was kept in a bank locker and used the proceeds to buy shares in the stock market. The corporation conducted an audit and discovered that the gold was missing, leading to the uncovering of the swindle. When confronted, the accused threatened to involve gangsters in the matter.
The individuals arrested by the Property Cell have been identified as Shivkumar Iyer (30), Shivaji Patil (29), and Sachin Salunke (41). They have been charged under IPC sections 408, 409, 506, 506(2), 420, and 120B. Akash Pachlo, an official at Rover Finance Limited (a gold loan company), reported the theft. In 2024, Rover Finance took over the loan department of Trillion Loan Fintech Private.
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