Diamonds worth Rs. 5 cr. 'stolen' from Panchratna building

13 08 2010

Mumbai (PTI): Diamonds worth over Rs. 5 crores were allegedly stolen from south Mumbai’s Pancharatna building, the largest diamond hub in the country, police said on wednesday.

Some unidentified robbers managed to break into the office of Arshit Gems on the fifth floor of the building located in the Opera House area on the intervening night of October 15 and 16 and got away with the diamonds, they said.

A total of 21,700 karat of diamonds were stolen from the drawer of the office, a senior police official of the D B Marg police station said.

“It seems to be an insider’s job as the diamonds have been carefully stolen from the drawer in which they were kept without damaging other things. One of the five employees of the office is missing and we are checking the footage from building’s CCTV camera for clues,” he said.

Deputy Commissioner of Police (Zone II) Ramrao Pawar said the police are yet to ascertain the exact worth of the stolen goods but said they would cost anything between Rs five to ten crore.

The office was shut early by owner Hitesh Patel on the evening of October 15 as his father was leaving for US that day. He discovered the robbery on opening the shop yesterday morning and reported the matter to the police in the evening.

The police has registered it as a case of `house break-in’ on Wednesday after completing the necessary formalities.

The robbery comes barely days after three loaders of Air India were arrested for allegedly stealing gold ornaments and polished diamonds worth Rs 4.5 crores from the airport. All the stolen goods were recovered in the case.


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