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

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Mumbai, Oct 17 (UNI) A gang of unidentified robbers have allegedly stolen diamonds worth over Rs 5 crore from the Pancharatna building, one of India's largest diamond hubs, in South Mumbai.

The robbers managed to break into the office of Arshit Gems, located on the fifth floor of the building, on the intervening night of October 15 and 16 and got away with the diamonds, the police said today.

Total 21,700 carat of diamonds were stolen from a drawer of the office, said senior police inspector N R Mali attached to the D B Marg police station.

''It (the robbery) 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.

He also said the police had already traced the movement of the employee and a team had been deputed to arrest him very soon. ''We will get a big clue thereafter.'' The office was shut early by owner Hitesh Patel on the evening of October 15, as his father was leaving for the US that day. He discovered the robbery after opening the shop yesterday morning and reported the matter to the police, Mr Mali said.

Deputy Commissioner of Police (Zone II) Ramrao Pawar said the police were yet to ascertain the exact worth of the stolen goods and added that the booty would cost anything between Rs five and ten crore.

The police today registered it as a case of 'house break-in' after completing the necessary formalities.


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