A gold jeweller in Rajkot was duped of ₹2.56 crore by his own workers under the pretence of providing him with more business and profit.

Ashish Nandha owns two gold shops named Shri Bansidhar Jewelry and Bansidhar Sales in Rajkot. He employed three workers — Gaurango, his brother Saurabh, and Gaurango’s brother-in-law Biltu, all hailing from West Bengal’s Hooghly. They had been working for Nandha for the past one year.

Gaurango had informed Nandha that he had contacts with traders in Gujarat and outside the state and asked him to invest in gold to help expand their business. 

Trusting Gaurango, Ashish purchased a property and started a hallmark centre. In 2023, he also acquired the necessary machinery for the workshop to assist the workers.

Later, Gaurango and Saurabh were given 2.5 kilograms of gold to create jewellery, and they began working on it. They also introduced Nandha to another businessman, who promised to provide them with work.

In July, Nandha trusted the duo with 4,436 kilograms of gold to start making jewellery. They produced jewellery worth 620 grams of gold, which Nandha delivered to a jeweller from Indore, and received payment in his account.

However, the remaining 3,816 kilograms of gold, amounting to ₹2.56 crore, remained with Gaurango. He left on October 3, informing that his wife had health issues, and has not returned. His brother also went missing after that day.

Nandha has filed a complaint with the police regarding the incident.

Surat jewellery store robbed of ₹1.25 cr valuables, investigation underway