A businessman from the district of Kolhapur, Maharashtra was charged for deceiving a Pune-based jeweller of Rs. 2.2 crores and was arrested by the police on Saturday.
The parties involved in the case, 42-year-old businessman Anand Gundesha ailing from Pujanagar in Kolhapur and 48-year-old jeweller Debu Majumdar from Budhwar Peth, Pune knew each other since 2017. Majumdar complained to the police stating that Gundesha runs a business of selling template gold ornaments to jewellers across the state on a commission basis, sent him gold in order to get temple ornaments to be manufactured. He further said that he has been doing business with Gundesha for quite a time now and thus trusted him to not cheat.
“Gundesha gathered around 5.899kgs of gold from Majumdar on various instances in the past 1 year and failed to pay him for the same. Once the lockdown was announced, Gundesha moved to Kohlapur and informed Majumdar that he would be unable to pay him due to financial burden and constraints. However, he did not bother to return the unsold gold which he received from Majumdar,” stated Senior Inspector Jagganath Kalasar from the Faraskhana police station.
The Kohlapur businessman has been arrested under Section 406 (criminal breach of trust), IPC. Section 406 of the Indian Penal Code provides punishment in case of any breach of trust. The section states that “Whoever commits criminal breach of trust shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both.”