FIR Filed Against Falgun Bhogilal Shah in C.P.Tank Diamond Fraud.

FIR Lodged Against Falgun Bhogilal Shah, Alleged Mastermind In Robbery of ₹27-Lakh Diamond Duping Case

• Deeper Criminal Nexus: Gambling, Drugs, and Past Offences

• Police Probe Expands: Family Members Under Scrutiny in Diamond Fraud

• Broader Implications: Mumbai Jewellery Trade Reacts to Sophisticated Fraud

Mumbai Police have filed an FIR against Falgun Bhogilal Shah, the alleged mastermind behind a ₹27-lakh diamond fraud. The C.P.Tank case involves swapping a genuine sapphire-diamond ring with a fake imitation. Investigators link Shah to multiple past cheating cases and are now probing a possible wider nexus in Mumbai’s gem and jewellery trade. His sister and other associates are also under scrutiny as the probe expands beyond the initial heist.

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₹27 Lakh Diamond Heist: Falgun Bhogilal Manchand Shah Named Mastermind in Elaborate C.P.Tank Ring Swap Scam

The VP Road Police has filed an FIR against Falgun Bhogilal Manchand Shah as the alleged mastermind of a sophisticated ₹27 lakh diamond ring fraud. This C.P.Tank scam involved swapping a genuine sapphire and diamond ring with a fake imitation. FIR number 847/2025 details the sophisticated theft targeting a local diamond agent.

Falgun Shah, a resident of Palanpur Gadh, is accused of orchestrating the entire criminal operation. Police sources confirm his prior involvement in similar cheating cases. The investigation now probes his potential links to a broader network of gem and jewellery scams across the region.

The Elaborate Swap: How the Diamond Dupe Was Executed

The criminal plot unfolded when two men, identified as Mahavir and Rahul, approached diamond agent Sunil Jhaveri. They posed as serious buyers interested in a high-value sapphire and diamond ring. Jhaveri presented the genuine jewellery for their detailed inspection at his Girgaon establishment.

Posing as potential buyers, the duo examined the authentic ring closely. They then exploited a moment of distraction to execute a swift swap. The accused replaced the original piece with an identical-looking fake imitation. They promptly left the location under the pretext of arranging cash payment.

This left the diamond agent with a worthless counterfeit piece. The switch was discovered only after the men failed to return. Sunil Jhaveri subsequently approached the VP Road Police Station with a formal complaint. His statement led to the immediate registration of the FIR for cheating and robbery.

Investigative Breakthrough: Unmasking the Criminal Mastermind

A special investigation team quickly identified Falgun Bhogilal Manchand Shah as the operation’s brain. The Palanpur Gadh native allegedly coordinated the actions of the two frontmen. Police are now tracing the stolen ring’s pathway through his suspected network of associates.

Authorities are investigating the role of Falgun Shah’s sister, who resides near Sikkanagar. She ( Sister ) is under scrutiny for allegedly backing her brother and facilitating the crime. The probe also examines other members in Palanpur Gadh for receiving the stolen jewellery.

The Sprouts News Special Investigation Team has learned that Falgun Shah has a history of similar offences. Previous complaints detail an identical modus operandi targeting jewellers. Police are actively connecting these past and present cases to establish a larger pattern.

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A Deeper Criminal Nexus: Gambling, Drugs, and Past Offences

Authorities indicate the investigation has uncovered a more profound criminal nexus. Falgun Shah’s actions may be influenced by gambling debts and substance abuse. Police are exploring connections between this fraud and his activities involving alcohol and drugs.

This potential link suggests a desperate need for quick money. The ₹27 lakh haul could have been intended to settle pressing liabilities. The police’s financial investigation unit is mapping his recent transactions for evidence.

The discovery of this broader network points to an organised racket. It is not an isolated incident of theft but part of a series. Law enforcement is considering forming a special cell to tackle such specialised gem frauds.

Legal Repercussions and Ongoing Police Probe

The case is registered under relevant sections of the Indian Penal Code for cheating and robbery. The charges reflect the seriousness of the pre-planned, sophisticated crime. Police are conducting raids to apprehend the two identified accomplices, Mahavir and Rahul.

Their testimony is crucial to building a solid case against the primary accused. Investigators are also gathering CCTV footage from in and around the crime scene. This visual evidence will be key to establishing the sequence of events.

The VP Road Police Station has committed to a swift and thorough investigation. They have assured the aggrieved diamond agent of justice. The probe continues to unfold, with more arrests anticipated in the coming days.

Broader Implications for Mumbai’s Jewellery Trade

This high-value scam has sent shockwaves through Mumbai’s diamond and jewellery community. Traders in Zaveri Bazaar and other hubs are now reviewing their security protocols. Many are implementing stricter verification for high-value transactions with new clients.

Industry associations are planning meetings with law enforcement officials. They aim to develop better coordination to prevent such sophisticated frauds. The incident highlights the evolving tactics used by criminals targeting the lucrative gem trade.

The Sprouts News investigation into this case continues. We are committed to providing updates on this significant matter of public interest and consumer safety.