Mumbai Jeweller Duped of Rs 5 Lakh by Fraudsters Posing as Customers

Mitesh Jain, a 33-year-old jeweller from Malad West, has reported a significant financial loss after falling victim to a scam involving two unidentified individuals who posed as legitimate customers. Jain, who operates Ruchira Jewellers on SV Road, filed a complaint with the Malad Police, detailing how he was deceived out of Rs 5 lakh. The incident occurred on August 16, when the two men visited Jain's shop, expressing interest in purchasing gold coins and jewellery. After agreeing to make the payment via RTGS (Real Time Gross Settlement), they recorded the bank details and left, promising to return. Later that day, they returned to finalize the purchase of a gold chain and a 60-gram gold biscuit, totaling Rs 5.01 lakh. They claimed to have transferred Rs 5 lakh to Jain's account and offered to pay the remaining balance in cash. However, the situation took a turn when Jain received a notification later that evening indicating that the Rs 5 lakh had been frozen. Upon visiting the bank the following morning, he discovered that the funds belonged to Sai Kiran, a resident of Telangana, who had been a victim of cybercrime. Realizing he had been scammed, Jain promptly reported the incident to the police. The Malad Police have since registered an FIR under Section 318(4) (cheating) of the Bharatiya Nyaya Sanhita on August 18, as they begin their investigation into the fraudulent activities that led to Jain's financial loss.