A jeweler, Nemichand Jain has been arrested by the Economic Offences Wing (EOW) of the Mumbai police for duping a non resident Indian (NRI) woman, Yasmin Thakkar to the tune of Rs. 1.18 crores. The cops said Nemichand had connived with the employees of a gold trading company, founded by the NRI woman’s husband Bharat Thakkar, 16 years ago. The EOW closed the case in the year 2005 stating that the complaint does not amount to cheating and forgery.
Bharat Thakkar was running a gold import export firm, Rofles Corporation, in Nariman Point. In the year 2000, he left for Singapore for medical treatment. Thakkar had availed a letter of credit and overdraft facility of Rs. 10 crores from the bank. After he passed away, his wife, who was also in Singapore, intimated to the bank that she will soon be back to India and wind up the business.
“At that time, the bank officials did not claim any liability on the company. She then gave a power of attorney to two of her office staff, R. Gopal and Nilesh Shah,” said an officer. In 2003, she found out that the bank had filed a case against her company in the Debt Recovery Court, claiming Rs 3.23 crores.
In 2008, the complainant, Yasmin Thakkar filed a writ petition in Bombay High Court and sought direction to register the case.
Yasmin filed a criminal case claiming that the bank forged documents before the court. She alleged that the accused, all in connivance, forged documents to loot the company of Rs 1.18 crores.
