Hyderabad: Central Crime Station sleuths of Hyderabad have registered a criminal case against a jeweller from Somajiguda for allegedly duping a Bengaluru-based jeweller of ₹7.8 crore.The complainant, Mukesh Kumar Jain, alleged that Nitin Ramesh Gulabani, owner of KV Jewellers and Nitin Jewellers in Hyderabad, along with his brother Vipin Ramesh Gulabani, their staff Dhanraj Singh and Harish, cheated him by not paying for the gold ornaments supplied to them on credit terms.
Jain stated that he first met Nitin at a jewellery exhibition in Bengaluru in March 2025, where the latter had convinced him to supply gold ornaments. As the payments for the initial two consignments were settled within a month’s time after their delivery, Jain continued to supply gold ornaments to Nitin.“However, for the four subsequent consignments of gold ornaments worth ₹13.81 crore, delivered between April and June 2026, Nitin paid only ₹5.95 crore, and over ₹7.86 crore is still pending,” the complainant told CCS police.“As there was no response from Nitin’s side, I personally visited his office on June 17, 2026. Nitin promised that he would clear at least ₹2 crore the next day. I found his office closed on June 18, and his phone was switched off. The persons working under him also switched off their phones. I visited his residence, and it was locked,” the complainant said.After waiting for about 20 more days without any response from the accused, on July 8, Jain lodged a complaint with the CCS police.A case was registered against Nitin, Vipin, Dhanraj and Harish under Sections 316(5) (criminal breach of trust), read with Section 61(2) (criminal conspiracy) of the Bharatiya Nyaya Sanhita. “We are collecting evidence from the complainant. After the preliminary probe, the accused will be issued notices and appropriate legal action will be initiated,” said a CCS official.
