Ahmedabad, Aug 20 (IANS) The Ahmedabad Crime Branch’s Economic Offences Wing (EOW) has arrested four people for allegedly obtaining gold and diamond jewellery valued at Rs 4.45 crore from several jewellers by presenting themselves as brokers-cum-agents involved in large-scale transactions in land, property and gold, and subsequently failing to make payments or return the jewellery.
The case involves jewellery allegedly procured from four jewellers over different periods, with the total outstanding amount put at Rs 4,45,45,553.
The development came during an investigation by the EOW into a case registered at the DCB Police Station under Sections 316(5) and 61(2) of the Bharatiya Nyaya Sanhita.
According to the complaint filed by Abhishek Zaveri, the accused allegedly acted together as part of a pre-planned conspiracy. They claimed to undertake substantial brokerage and agency work in the purchase and sale of land, houses and gold.
Police allege that they used this representation to obtain jewellery from different jewellers and then failed to settle the dues.
The complaint states that gold and diamond jewellery worth Rs 1,69,17,650 was purchased from Abhishek Zaveri’s showroom in February 2025.
Jewellery worth Rs 26.33 lakh was allegedly purchased from witness Harubhai Zaveri in May 2023, while jewellery worth Rs 43,95,700 was allegedly purchased from Zaveri & Company between October and December 2024.
The largest portion, valued at Rs 2,05,99,203, was allegedly purchased from S.R. Golden Jewellers between May and June 2023.
The combined value of the jewellery from the four sources was Rs 4,45,45,553, which, according to the complaint, had not been paid for or returned.
The arrested accused have been identified as Anil Vibhani, 50; his wife Nimmi Vibhani, 44; their son Vedant Vibhani, 23; and Shivam Gadhvi, 25. The three Vibhani family members live in Thaltej, Ahmedabad, while Gadhvi is from Mundra in Kutch.
Police arrested them and subsequently remanded them in connection with the case. Another accused, Rajvi Vibhani, remains to be arrested, according to the EOW.
During the investigation, police found that Anil Vibhani was allegedly involved in around 11 cases registered in different districts and cities of Gujarat.
Investigators are examining the accused’s bank transactions, bank lockers and properties as part of the ongoing probe.
The EOW is also conducting further investigation into the case property, the accused’s financial transactions, and the role and whereabouts of the remaining accused.
–IANS
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