Diamond Heist Exposed: Gujarat Company Stages Burglary to File Insurance Claim
Surat-based DK & Sons Diamond Company was in financial crisis and allegedly staged one of the biggest diamond heists in the city to file a claim for an insurance policy worth Rs.20 crore. On August 20, police discovered that the company's managing director, Devendra Kumar Chaudhary, his son, and their driver hired a person with a gas cutter to cut a safe on the third floor, making it appear as if thieves broke in over the weekend. The investigation revealed that the company had no diamonds in the locker, and the whole incident was staged to pass off the theft as a real burglary.
Key Takeaways:
- The DK & Sons Diamond Company in Surat, India allegedly staged a diamond heist to file a claim for an insurance policy worth Rs.20 crore.
- The company's managing director, Devendra Kumar Chaudhary, his son, and their driver hired a person with a gas cutter to cut a safe on the third floor, making it appear as if thieves broke in over the weekend.
- The investigation revealed that the company had no diamonds in the locker, and the whole incident was staged to pass off the theft as a real burglary.
- Theft charges, conspiracy, and other applicable charges will be slapped on the complainant and his associates.
- The incident raised concerns in Surat, a global hub of diamond processing, which has been hit by supply chain issues, declining demand, and US sanctions on polished diamonds made from Russian rough stones.
- Eight out of 10 diamonds sold globally are processed in Surat, highlighting the importance of the city's diamond industry.
Statistics:
- The company's insurance policy was worth Rs.20 crore.
- The company claimed that thieves stole diamonds worth Rs.25-30 crore.
- Rs.5 lakh was kept inside the safe for the people hired to execute the plot.
- The police investigation revealed that no diamonds were in the locker.
Sources:
- Hindustan Times, "Diamond heist in Surat: Company stages burglary to file insurance claim"