Sadar Police Station officers in Rajasthan's Bundi district have dismantled a fraud network that cheated an interstate businessman of ₹15 lakh under the pretext of selling gold at discounted rates. Law enforcement personnel launched a targeted raid in Ramnagar Kanjar Colony, arresting two key suspects identified as Golu and Monu. Investigators successfully recovered ₹12 lakh in cash from their possession and seized the vehicle used to execute the crime, while an active manhunt remains underway for a third absconding accomplice.
Initial Contact and Trust Building Strategy
The victim, a trader hailing from Maharashtra, was initially introduced to the fraudsters through a business contact operating in Devasthan Khatushyamji. To win the trader's complete confidence, the suspects executed a calculated preliminary transaction. They offered him genuine gold valued at ₹11,000 as a sample. Upon verifying the purity and authentic quality of the sample, the trader felt convinced of their legitimacy and agreed to purchase a substantially larger quantity at discounted wholesale prices.
Execution of the Crime in Ramnagar Kanjar Colony
Exploiting the trader's trust, the fraudsters promised to deliver a large batch of gold below market rates. Once the deal terms were finalized, the Maharashtra businessman traveled to Bundi's Ramnagar area carrying ₹15 lakh in physical cash. Upon his arrival at Ramnagar Kanjar Colony, Golu, Monu, and their third partner implemented their pre-arranged scheme by handing over counterfeit gold instead of real precious metal, quickly taking the ₹15 lakh cash before fleeing the scene.
Police Investigation and Recovery of Assets
After discovering that the received gold was completely fake, the victim approached the Sadar Police Station and lodged a formal complaint. Officers immediately registered the case and mobilized search teams to track down the criminals. Acting on actionable intelligence, the police raided locations across Ramnagar Kanjar Colony and apprehended Golu and Monu. During custodial interrogation, police successfully recovered ₹12 lakh of the stolen funds and impounded the car used in the operation.
Hunt for the Absconding Suspect and Broader Investigation
Bundi police are currently probing the entire criminal network to determine if additional individuals were involved in assisting the perpetrators. Law enforcement authorities anticipate that detailed interrogation of the detained suspects could unravel several other unresolved fraud cases across the region. Dedicated police teams continue to conduct raids at potential hideouts to arrest the remaining fleeing accomplice.
