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Three Men Pose as Wholesalers and Flee With ₹3 Crore in Gold

Police have registered an FIR to pursue three named suspects.

Overview

  • Employees of Mehta Gold carried about 3 kg of jewellery samples to a Sampige Road office, where on Saturday May 16 three men posing as wholesale buyers distracted staff and fled with roughly 1.85 kg of gold worth more than ₹3 crore, footage shows.
  • The Malleswaram police have filed an FIR naming Paresh Soni, Chandrashekhar Rao and Shyam and have invoked sections 305(a), 318(4) and 3(5) of the Bharatiya Nyaya Sanhita for theft, cheating and common intent.
  • Investigators say the gang used a staged process of weighing and photographing designs to distract employees, handed ornaments to a man in an adjacent cabin, and then that man left with the bag while an associate later also absconded.
  • Police are examining CCTV and technical leads from the office as they search for the accused, and no arrests have been reported so far.
  • The case highlights a common industry risk because moving high‑value samples between outlets and buyers can create security gaps, and the incident could prompt tighter sample‑handling rules and extra checks by jewellers.