India, Jan. 30 -- Police registered multiple cheating and cyber fraud cases involving losses exceeding Rs.7 crore across the city on January 28, said officials.

In one case, four persons were booked for allegedly cheating jewellery traders in Koregaon Park of gold and silver worth Rs.3.27 crore by posing as buyers and later defaulting on payment.

According to the complaint, the accused approached the owners of Navkar Jewellers and Shri Navkar Plus, posing as genuine buyers with established business credentials. After gaining the complainants' confidence, the accused took delivery of large quantities of gold and silver ornaments, assuring payment within two to three days. However, the payment was never made, and the accused subsequently ...