US Woman Duped Into Buying Fake Jewellery Worth Rs 300 For Rs 6 Crore In Rajasthan: Police

An American woman was defrauded of Rs 6 crore by a Jaipur shop owner who sold her counterfeit jewellery. She discovered at a US exhibition this April that her jewellery was counterfeit.

Representational Image | Cherish bought silver jewelry with gold polish from a shop in Johri Bazaar and discovered it was fake when she displayed it at a US exhibition. ( Image Source :ABP Live )

A US woman was defrauded into purchasing fake jewellery, originally costing Rs 300, for Rs 6 crore by a shop owner in Rajasthan, as per police. The US citizen, Cherish, bought silver jewellery with gold polish from a shop located in Jaipur's Johri Bazaar, Economic Times reported. When she displayed the jewellery at a US exhibition this April, it was found to be counterfeit. Soon after this discovery, Cherish travelled to India to confront the shop owner from whom she purchased. But, upon confronting, the shop owner denied those allegations.

Subsequently, Cherish filed a police complaint in Jaipur and sought assistance from the US embassy. The embassy has requested the Jaipur Police for an investigation into this matter.

ET's report cited an official as stating that Cherish had met the shop owner via Instagram in 2022 and paid Rs 6 crore over two years for what she believed were genuine ornaments. The police are now searching for the owner, Gaurav Soni, and his father, Rajendra Soni, who are both absconding. "Special teams have been formed to trace the two men," an official stated, as quoted by the report.

Maharashtra Man Booked For Duping Investors In Cryptocurrency Fraud

In a separate fraudulent incident, a case was registered against a man on Tuesday from Sangli City of Maharashtra for allegedly cheating people of Rs 90.5 lakh by assuring them of good returns on investments in cryptocurrency, police said, PTI reported.

On Monday, the Thane district police filed charges under section 420 (cheating) and other relevant provisions of the Indian Penal Code and Maharashtra Protection of Interest of Depositors. (in Financial Establishments) Act, 1999, against Naresh Shankar Joshi and his firm Pinamic Traders, an official outlined.

The complaint alleges that since 2018, the accused lured 42 investors into investing in cryptocurrency with the promise of the highest returns, subsequently defrauding them of 90.5 lakh. An investigation into the case has been launched, the official said.