Father-son duo from Mumbai held for cheating Coimbatore jewellery showroom of 4 kg gold bullion
The Central Crime Branch (CCB), Coimbatore city, have arrested a man and his son from Mumbai, who are into gold bullion trade, for allegedly cheating a jewellery showroom in Coimbatore of gold worth over ₹2.5 crores.
CCB officials said that Kumar Jain (55), and his son Kunal Jain (30), of Mumbai-based TSK Jewellers were arrested on Saturday.
The police said a jewellery showroom at Oppanakara Street in Coimbatore placed an order with TSK Jewellers for eight kg of gold bullion and made the payment in 2019.
However, the Mumbai-based jewellers supplied only four kg. The CCB registered a case based on the complaint from the showroom and began investigating.
A team from the CCB arrested Kumar Jain and Kunal Jain on Saturday.
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