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Diamond trader, another associate duped of Rs 77 lakhs in Dahisar

NYOOOZ 2019-04-15 05:30:00

Diamond trader, another associate duped of Rs 77 lakhs in Dahisar

  • | Monday | 15th April, 2019


Kotia had given total 133.66 carats of diamonds worth Rs 42.79 lakhs and his associate Kantibhai Padsala had given 89.45 carats worth Rs 34.33 lakhs. According to the police, Kotia runs a diamond polishing shop at Dahisar east and is associated with the diamond business since 2008. A 36-year-old diamond trader had registered a complaint at Dahisar police station alleging that he, along with his another associate, was duped of Rs77 lakhs by a diamond merchant who claimed to sell the raw diamond and fetch them a good price of the same. Kotia who knew Shah since a year initially gave 39.86 carats of diamond in November 2018 and Shah after selling them gave him total 10.25 lakhs as promised. Since the diamond market runs on trust, Shah first gained the confidence of Kotia and later took undue advantage of it.

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