Man posing as builder cheats jeweller of ₹14.78 lakh
Chandan Nagar Jeweller Defrauded by Fake Builder: ₹14.78 Lakh Stolen in Gold Transaction
Arrest and Initial Details
Bharatmorningnews.com – Chandan Nagar police have taken into custody a 38-year-old individual who impersonated the proprietor of Pragati Buildcon, a real estate company, to swindle a local jeweller. Siddharth Devdas Zende, originally from Indapur, was apprehended at a luxury hotel in Chandrapur. Authorities confirmed the arrest on Wednesday.
The deception unfolded over two days—August 3 and 4—at a jewellery establishment situated on Old Mundhwa Road close to Dwarkagarden in Chandan Nagar. Zende, accompanied by a female companion, approached the shop and successfully won the jeweller's trust.
The Fraudulent Transaction
According to police reports, Zende secured three gold biscuits totalling 100 grams, worth ₹14,78,760. He presented a bank cheque to settle the payment and collected the precious metals. However, when the cheque bounced, the assistant branch manager of the jewellery store filed a complaint with Chandan Nagar police on August 6.
Law enforcement officials registered the case invoking Sections 316(2), 318(4), and 3(5) of the Bharatiya Nyaya Sanhita. During interrogation, Zende reportedly confessed that he had already sold the gold biscuits to another jeweller in Indapur and received cash for them. Investigators managed to recover ₹8.50 lakh from the accused.
Pattern of Deception Revealed
Ashwini Jagtap, senior inspector at Chandan Nagar police station, disclosed that Zende employed a comparable strategy to defraud multiple victims. He allegedly targeted car dealers, hotel owners, and women—often luring them with marriage-related commitments. Legal cases have already been filed against him at Bhigwan and Vimantal police stations.
Police are currently examining whether the woman who accompanied Zende during the incident, along with other potential accomplices, participated in the fraudulent scheme.
Related Reading
Frequently Asked Questions
What is Man posing as builder cheats jeweller?Man posing as builder cheats jeweller is the main topic of this guide. The article explains the context, practical details, and next steps readers should understand.
Why does Man posing as builder cheats jeweller matter?Man posing as builder cheats jeweller matters because readers are looking for a useful answer, not just a short summary. Good content should match search intent and help them decide what to do next.