Latest news with #Jadav
Time of India
28-05-2025
- Time of India
Tanishq store manager booked for Rs 17 lakh criminal breach of trust in Rajkot
Representational image RAJKOT: A Tanishq jewelers store manager in Rajkot faces charges for misappropriating cash and jewelry valued at Rs 17 lakh belonging to a customer. The Rajkot Taluka police station has filed charges against Nilesh Dhadhda under BNS section 316 (4), pertaining to criminal breach of trust by a clerk or servant. According to the police complaint filed by Chetan Jadav, the store's liaison officer, Dhadhda had been transferred from their Gandhidham showroom in Kutch before the alleged incident occurred. The matter came to light on May 4 when a regular customer, Milan Pota, informed Jadav about his online payment of Rs 3 lakh made on January 10 and his deposit of old jewelry worth Rs 14 lakh, including a diamond ring, with Dhadhda on March 19. The customer had ordered new design jewelry in exchange for the cash and old jewelry, with Dhadhda being responsible for the delivery. The complaint states that Dhadhda allegedly retained the new jewelry, sold it in the market, and misappropriated the proceeds. Despite Jadav filing a police application and allowing Dhadhda time to return the money, he failed to reimburse the showroom. Subsequently, Jadav filed a formal complaint of criminal breach of trust on Tuesday.
Time of India
30-04-2025
- Business
- Time of India
Man arrested for cheating 178 of Rs 3.38cr
Surat: Chowk Bazar police arrested a man for allegedly cheating 178 investors of Rs 3.38 crore. The accused, Nilesh Jadav, opened an investment and real estate firm and lured people with promises of good returns. He collected money from them but stopped giving them returns in April 2024. According a complaint by Chetan Vaghela, Jadav owned a franchise of LKP Securities and Vaghela had his trading account with them in 2012. In 2020, Jadav told Vaghela that he opened a new firm named Nilesh Investment and Share Broking and Real Estate. Jadav also offered him a job, which Vaghela accepted. Jadav instructed Vaghela to bring people who wanted to invest in a scheme with 1.5% monthly return. Vaghela started with a Rs 60,000 investment in the firm. Vaghela's 178 friends and relatives, including Chandresh Rana, Vinod Rana, and Jayesh Rana, invested crores with the firm since 2020. Some of them also received returns. However, Jadav stopped giving returns in April 2024. When Vaghela's relatives raised the issue with him, he told them that Jadav would provide three months' returns together. Jadav also lured other investors with cheap apartments in his real estate projects and issued them share certificates. As he did not return the money as assured, Vaghela and other investors contacted Chowk Bazar police and filed a complaint on Tuesday. Inspector N G Chaudhary said: "We have nabbed Jadav after receiving the complaint. We are investigating if Jadav has cheated more people. Apart from BNS, we have also applied sections of the Gujarat Protection of Interest of Depositors Act in the case."
