Tue. Jul 23rd, 2024

One of the nephews came out of the station and moved the bag with the gold into another automobile. When he arrived on the location, he and a few others acted as in the occasion that they had been in search of the criminals all over. They contacted the police together with the bike and made a complaint.


The owner of a jewellery shop in Nagarathpet registered a criticism on the Cottonpet police station on July 12. He advised the police that his nephew, who was carrying the jewellery in a bag, was robbed by a bike-borne duo. Everything was recorded from the time the gold was delivered to the shop to the time it was packed. The nephew carrying the bag out of the shop was recorded.

A Jeweller Faked A Robbery To Get Insurance Coverage

The two minor nephews had been trained by their jewellery sets for women uncle for 15 days to carry out the plan.

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The increase in recycling was most probably due to shoppers cashing in on historic excessive gold costs. According to the World Gold Council’s Gold Demand Trends report, India’s gold demand faced a downturn within the second quarter of 2023. Despite an increase in value, the entire gold consumption for the quarter recorded a decline.

A case of theft has been solved by Cottonpet police. Police came upon that he was going to sell the gold and declare the insurance coverage. On the day of the grievance, police discovered a call on the messaging service. They became suspicious when the technical method didn’t work and tracked the telephone calls of the man and his nephew.

The decline in jewelry demand was attributable to the report high rupee gold prices, which negatively impacted affordability and consumer sentiment. There was a quick but notable influence on gold demand following the ban of two,000 notes in the course of the quarter. Gold recycling saw a significant enhance in Q in comparability with the identical period in the earlier yr.

The nephews had been told to call Raju after they reached the spot on the flyover. They hid the bag with the gold within the boot house of their scooter earlier than his arrival. After that, he called an unknown individual and gave the police the clue. He confirmed that the theft will be staged on the Sirsi Circle flyover where there are no cameras. He made certain that the whole scene of packing the jewelry at the shop in the evening was captured by the cameras.