Navrangpura police arrested A debt-ridden business manager of a jewellery showroom for allegedly siphoning off Rs 58.74 lakh from the showroom while proving fake bills on jewellery sold.
The accused has been identified as Deepak Panchal, who worked at Sparkle Fine Jewellery Showroom at Sun Square Complex on the CG Road. According to the police, Panchal, who used to display jewellery to customers, had sold goods worth Rs 58.74 lakh while providing fake bills which he got printed elsewhere. According to Inspector Amit Desai of Navrangpura police, Panchal had lost Rs 20 lakh on cricket betting in the recently concluded ODI World Cup and was debt-ridden.
Panchal had siphoned off Rs 39.49 lakh in April and Rs 19.52 lakh in June. From August onwards, he had stopped coming to the showroom and even switched off his phone. When verified by the showroom’s account department it came to light that Panchal had sold the jewellery on fake bills to customers.