A city-based jeweller has filed a criminal complaint accusing the proprietor and key staff of Ratnakar Jewels of cheating him of gold ornaments worth ₹6.1 crore, allegedly taken under the pretext of organising jewellery exhibitions across Gujarat.
The FIR, filed at Navrangpura Police Station by Rishabh Shah of Rishabh Jewellers (Super Mall, C G Road), names Harneshkumar Champaklal Shah, his son Harsh Harnesh Shah, and store manager Nikesh Kirit Shah. Shah alleges the trio took over 6.6 kg of jewellery from him in April 2025 and later failed to return either the ornaments or their payment.
Shah, who has been in the jewellery business since 2013, stated that Ratnakar Jewels had built trust over the years by making regular purchases and clearing dues in instalments. The firm had most recently paid off outstanding payments of ₹1.33 crore between 2023 and 2025, which strengthened his belief in their credibility.
Gold taken for month-long ‘exhibitions’
According to the complaint, the accused visited Shah’s office in April 2025 and claimed they were preparing jewellery exhibitions in Gandhinagar, Polka and other locations. They requested ornaments for display, saying the events would run for about a month.
They provided Shah with a blank Kotak Mahindra Bank cheque as security, assuring him that payments would be settled after the exhibitions. Shah then handed over 3,652.470 grams of 22-carat jewellery and 2,994.560 grams of 18-carat jewellery, together valued at ₹6.10 crore, recorded in the name of Ratnakar Jewels.
Shah told police that repeated reminders went unanswered and the accused later said they were facing financial difficulties. When he deposited the security cheque, it bounced due to insufficient funds.
Shah also claimed he continued receiving “assurances” on WhatsApp but neither the jewellery nor payment was returned. He further suspects that other traders may have been cheated in a similar manner.
Based on the complaint, Navrangpura police have registered a case of criminal breach of trust and cheating. Investigators will verify the allegations, examine business records, and attempt to trace the jewellery allegedly taken for exhibitions.