Kolhapur businessman held in Rs 2.2 crore duping case

PUNE: A businessman from Kolhapur was arrested on Saturday on the charge of duping a Pune-based jeweller of Rs 2.2 crore.
The businessman, Anand Gundesha (42), from Pujanagar in Kolhapur and jeweller Debu Mujumdar (48) from New Budhwar Peth knew each other since 2017. Mujumdar in his complaint stated that Gundesha, who ran a business of selling template gold ornaments to jewellers in the state on a commission basis, sent him gold for getting template ornaments manufactured.“Since I had been doing business with Gundesha for a while, I trusted him,” Mujumdar stated in his complaint.
Senior inspector Jagannath Kalaskar from the Faraskhana police said, “Gundesha had collected template ornaments weighing 5.899kg from Mujumdar on various occasions since last year, but failed to pay for them. He moved to Kolhapur after the lockdown, and told Mujumdar that he was unable to clear the dues due to the financial constraints. He did not even return the unsold jewellery to Mujumdar.”
The businessman has been booked under Section 406 (criminal breach of trust) of the IPC.