Nagpur: A local jeweller in Nagpur fell victim to a fraudulent scheme where a businessman allegedly purchased gold jewellery worth ₹2.34 crore on credit and failed to make the payment. The accused has been booked by Pratapnagar Police, and an investigation is underway.
According to the complaint, Jayant Vasantrao Palkar (49), a resident of Sambhaji Nagar Chowk, Trimurti Nagar, owns Shri Saptashrungi Jewellers in Pratapnagar, Nagpur.
The accused, identified as Rahul Kumar Nareshchandra Khabiya alias Jain, resides in Nalawade Layout, near Padole Hospital, and was staying in a rented house. Initially, Khabiya gained Palkar’s trust by purchasing small quantities of gold jewellery with cash.
Between February 1, 2024, and March 4, 2025, Khabiya increased his purchases, eventually buying 2 kilograms and 148 grams of gold jewellery. To settle the amount, Khabiya issued a ₹1.5 crore cheque from AU Small Finance Bank, which he later stopped.
When confronted by Palkar, Khabiya provided another cheque, which also bounced. Despite multiple reminders, Khabiya continued delaying the payment and eventually refused to pay.
Following Palkar’s complaint, Assistant Police Inspector Dandale from Pratapnagar Police Station registered a case against Khabiya under Section 420 of the Indian Penal Code (IPC) for cheating.
The police are currently investigating the case, and further action is expected.
👉 Click here to read the latest Gujarat news on TheLiveAhmedabad.com