One held for cheating city jewellery shop

BHUBANESWAR: The Commissionerate Police on Thursday arrested one Balaram Martha of Nayagarh district in connection with a fraud case. 

According to reports, Martha had purchased gold weighing 450 gm worth Rs 14.60 lakh from HM Jewellers of the city a few days ago. During the purchase, the Jewellery shop told Martha to deposit Rs 13 lakh curtailing the discount amount. 

Martha deposited the entire amount in bank cheques which was later bounced back to the Jewellery shop. When the shop owner told the buyer about the checque bounce, Martha said he would deposit all the money by cash. 

Later Martha mortgaged all the gold in a financial firm in the city and got Rs 8.60 lakh. Out of the total amount, he deposited only Rs 7 lakh and requested the shop owner to give some time to deposit the rest Rs 6 lakh. 

The shop owner finally agreed in the proposal of Martha. But when the buyer didn’t turn up in time and avoided phone call several times, the shop owner lodged a complaint with the Kharvela Nagar police on October 13. The police arrested the accused and produced before a local Court.