Mumbai EOW Arrests Two Tamil Nadu Directors In ₹15.09 Crore Gold Jewellery Fraud Case
Mumbai: The Economic Offences Wing (EOW) of the Mumbai Police has arrested two company directors in connection with an alleged ₹15.09-crore fraud involving gold jewellery. The accused allegedly purchased more than 10.5 kg of gold jewellery from a Mumbai-based company and failed to make the full payment despite repeatedly promising to clear the outstanding amount. Two Tamil Nadu-Based Company…
Mumbai police have apprehended two Tamil Nadu directors over a ₹15.09 crore gold jewellery fraud case. The Economic Offences Wing (EOW) of Mumbai Police is investigating the alleged default on payments to a gold jewellery firm. Bindu Selvakumar, 45, and Anandamoorthy Natarajan, 40, were arrested on August 11, 2026, from Bengaluru.
The accused allegedly bought over 10.5 kg of gold jewellery from a Mumbai-based company, Unique Chains and Jewellers Ltd, via Abhis Gemglow Jewellers Pvt Ltd. They initially paid on time but defaulted on the remaining amount despite assurances and legal documents. The investigation is focused on the whereabouts of the gold jewellery and whether the money was used for property purchases.
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