India, June 26 -- Three men, including a father-son duo, were arrested on Tuesday from Gujarat for pulling off a jewellery heist from the accused's company guest house in Borivali on Friday. The police said the stolen jewellery was worth Rs.13.34 crore.

The arrested accused are identified as Jignesh Kuchdia, 19, his father Nathabhai Kuchdia, 50, and his friend Yash Jivanhai, 23. All three of them are residents of Junagadh in Gujarat. According to the police, Nathabhai, the mastermind behind the heist, allegedly urged his son to steal the ornaments and have Jivanhai hide the booty.

Jignesh works for JP Export Gold and Diamond, a Rajkot-based gold trading firm. In the first week of June, he left on a work trip with his senior Ajay Ghagda,...