The BKC police have registered a case against diamond broker Rakesh Babulal Vohra for allegedly embezzling diamonds worth ₹51.77 lakh, which he had taken on credit. Following the registration of the case, Vohra paid ₹9 lakh but fled with the remaining amount, as revealed during the investigation. The police have launched a special operation to apprehend him.
The complainant, Sanyam Vinod Shah, a diamond trader from Malabar Hill, owns Dhanera Diamond, a company based at Bharat Diamond Bourse in the BKC area, Bandra. Vohra, a diamond broker operating from Kandewadi, has known Shah for the past six years. Vohra had previously worked with Shah’s father, which fostered a trusting relationship. Based on past satisfactory dealings, Shah had considerable trust in him.
On August 29, Vohra called Shah, requesting diamonds for potential buyers at Opera House. Trusting him, Shah sent an employee with 175 carats of natural cut and polished diamonds, valued at ₹60.77 lakh. Vohra promised to either return the diamonds or pay the proceeds from the sale within a few days.
However, two months passed without any response from Vohra. When Shah attempted to contact him, Vohra’s phone was found to be switched off. Realizing the fraud, Shah filed a complaint with the BKC police, who registered a case of embezzlement and cheating against Vohra.
Upon learning of the case, Vohra transferred ₹9 lakh to Shah’s bank account but absconded with the remaining ₹51.77 lakh. The police are investigating whether Vohra has similarly defrauded other diamond traders. Efforts to locate and arrest him are ongoing.
