₹2 crore gold fraud case registered in Bengaluru, woman and jeweller absconding

Bengaluru: A major cheating case involving ₹2 crore has been registered at the HSR Layout Police Station, where a woman and a jewellery shop owner are accused of duping a farmer by promising gold at a lower price but failing to deliver the ornaments.

The complainant, K.V. Puneeth Kumar, a resident of Kommasandra near Anekal, approached the police after realising he had been cheated. Based on his complaint, a case has been registered against Savita and Indra, the owner of a jewellery store identified as MP Jewellers. Police said both accused are currently absconding, and a search operation has been launched to trace them.

According to the complaint, Puneeth Kumar had been planning to purchase gold and had discussed the matter with Savita, who was known to him. She allegedly convinced him that she had contacts with a jewellery shop that could provide gold ornaments at a significantly lower rate, with minimal making charges and no wastage. Trusting her claims, Puneeth agreed to proceed with the purchase.

On March 27, Savita reportedly took Puneeth to a jewellery shop in HSR Layout. Puneeth carried ₹2 crore in cash to the location. Upon arrival, Savita allegedly collected the cash from him and instructed him to wait outside until she called him in. After some time, she reportedly made him speak to the shop owner, Indra, who assured him that the payment was received and asked him to go for lunch, promising to show the jewellery afterward.

However, when Puneeth returned, Savita informed him that she had stepped out on work and asked him to come back the next day. The following day, she allegedly cited a personal emergency and continued to delay handing over the gold. Despite repeated follow-ups over the next few days, the promised ornaments were never delivered.

Suspicious of the delay, Puneeth visited the jewellery shop again, but the staff reportedly responded aggressively and refused to provide clarity. When he tried contacting Savita, her phone was switched off, confirming his suspicion that he had been cheated.

Police have initiated an investigation and have asked the complainant to provide documents regarding the source of the ₹2 crore cash. Efforts are underway to track down the accused and uncover the full extent of the fraud.