Jaipur police have arrested 24-year-old Aljeb Khan in a case involving the alleged fraud of precious gemstones worth ₹1.61 crore. According to Adarsh Nagar police, the accused allegedly gained traders’ trust by claiming to have overseas business operations before obtaining high-value gemstones without making the required payments.
Police identified the complainant as Sujat Ansari, a gemstone trader based in Jaipur. According to the complaint, Khan allegedly purchased expensive gemstones by leveraging their business relationship and subsequently absconded with goods valued at approximately ₹1.61 crore. The allegations are under investigation, and the accused's version of events and evidence presented during judicial proceedings remain relevant to the case.
According to the complaint filed with the police, Ansari deals in gemstones in Jaipur, and Khan regularly purchased different types of precious stones from him. These reportedly included tourmaline, emerald, tanzanite and citrine.
The complainant alleged that Khan assured him of attractive business profits. Relying on these assurances, Ansari also sourced gemstones from other traders and supplied them to the accused. The transactions allegedly increased in scale over time, eventually resulting in a dispute involving gemstones worth approximately ₹1.61 crore.
Police are examining the dates of the transactions, the terms of individual deals and the agreed payment arrangements. These details are expected to help investigators establish the circumstances of the transactions and determine whether the case involved a business payment dispute or an alleged fraudulent scheme from the outset.
According to Adarsh Nagar police, Khan initially conducted business with traders on a smaller scale. Police allege that he gained their confidence by making timely payments during the initial transactions.
He subsequently claimed to have business operations and commercial contacts overseas, according to investigators. These representations allegedly encouraged traders to enter into larger transactions with him. Police said Khan developed his business relationship with the complainant through a similar approach.
Investigators are examining how many traders entered into comparable transactions with the accused and whether other businesspeople have filed complaints against him. Details regarding the number of potential additional victims and any related cases have not been disclosed.
According to police, Khan allegedly resold the expensive gemstones obtained from traders at lower prices. Investigators are also examining whether part of the proceeds from these sales was used to settle earlier business payments, potentially maintaining the appearance of an ongoing commercial relationship.
Police allege that this method helped preserve the confidence of some traders, while the remaining funds were used for the accused's personal expenses. These reportedly included expensive parties, leisure activities and overseas travel.
The allegations will require examination of bank transactions, payment receipts, purchase and sale documents, and other financial records. Reselling goods at lower prices does not, by itself, establish criminal wrongdoing. Investigators will need to determine whether fraud occurred in the transactions concerned.
Following receipt of the complaint, a case was registered at Adarsh Nagar police station. A special police team was subsequently formed to trace the accused and gather information about the gemstones allegedly obtained through fraud.
Acting under the leadership of station house officer Chhagan Dangi, police arrested Khan. He is being questioned to establish the details of the transactions and trace the movement of the gemstones.
Recovering the allegedly defrauded goods is a key part of the investigation. Police are gathering information about traders and potential buyers who may have received the gemstones.
Investigators are attempting to identify the people to whom Khan allegedly sold the gemstones and establish the amounts received from those transactions. The inquiry also covers potential buyers who may have purchased the stones at prices below prevailing market rates.
However, purchasing gemstones at a lower price does not, by itself, establish a buyer's involvement in the alleged fraud. Investigators will examine whether buyers knew the source of the goods and whether they were involved in any aspect of the alleged wrongdoing.
Documents relating to transactions, payment records and other evidence could help establish the movement of the gemstones and the roles of the individuals involved.
Police are continuing to question the accused and gather information about the gemstones allegedly resold, the proceeds received, the buyers involved and potential additional victims.
The next steps will depend on the recovery of the goods, the examination of financial documents and evidence emerging from questioning. Police have not disclosed the final quantity of gemstones recovered, details of any additional arrests or information about subsequent court proceedings.
The allegations against Khan have yet to be established in court. The full details of the case will depend on the findings of the investigation and the subsequent judicial process.
