Mumbai: Two Arrested for Duping Businessman of Rs 2.3 Crore by Selling Fake Gold Coins in Dongri

The Dongri Police have arrested two notorious fraudsters who allegedly duped a businessman of Rs 2.3 crore by selling him counterfeit gold coins. The accused lured the victim by passing off 25 fake gold coins, each weighing 100 grams and branded as ‘Valcambi Suisse’, as genuine.

According to the information received, the complainant, Narendra Ladhuramji Soni (48), filed a police complaint stating that between April 12 and April 14, 2025, two individuals identified as Abdul Rauf and Pamesh Khimawat hatched a criminal conspiracy. The duo allegedly packaged counterfeit coins, resembling genuine gold, in attractive covers and sold them under the pretense of them being authentic ‘Valcambi Suisse’ gold, cheating the businessman of Rs 2.3 crore in cash.

Based on the complaint, Dongri Police registered an FIR (No. 110/2025) under sections 316(5), 318(4), and 61(2) of the Bharatiya Nyaya Sanhita, 2023.

Under the guidance of Deputy Commissioner of Police (DCP) Dr. Pravin Munde, Assistant Police Inspector Lad along with the Dongri Police team took charge of the investigation. Acting on a tip-off, the police laid a trap at Sandhurst Road in the Dongri area. As soon as the accused arrived at the location to finalize another deal, the complainant identified them on the spot.

The police immediately detained Abdul Rauf Musa Ghameriya (52) and Pamesh Surendra Khimawat (32) and during sustained interrogation, both confessed to the crime. The police have recovered Rs 2 lakh in cash from their possession, which was part of the defrauded amount.

The accused were produced before the court, which remanded them to six days of police custody. Meanwhile, efforts are underway to recover the remaining cheated amount.

Senior police officials confirmed that a thorough investigation is currently underway to uncover more details in the case.