Wednesday, August 5, 2026
HomeGujaratSurat Diamond Heist Turns Out Fake: Police Expose ₹32 Crore Insurance Scam

Surat Diamond Heist Turns Out Fake: Police Expose ₹32 Crore Insurance Scam

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The accused, identified as Devendra Kumar Chaudhary, owner of DK Sons & Company, had lodged a complaint on August 18, claiming that 1.12 lakh carats of diamonds, worth ₹32.47 crore, along with ₹5 lakh cash, were stolen from his office.

Surat: The much-hyped theft of diamonds worth ₹32 crore in Surat’s Varachha area has taken a shocking twist. Surat Police Commissioner Anupam Singh Gahlaut on Wednesday revealed that the so-called heist was nothing more than an elaborate insurance scam masterminded by the owner of the diamond firm himself.The accused, identified as Devendra Kumar Chaudhary, owner of DK Sons & Company, had lodged a complaint on August 18, claiming that 1.12 lakh carats of diamonds, worth ₹32.47 crore, along with ₹5 lakh cash, were stolen from his office. The complaint also stated that the culprits destroyed CCTV evidence by taking away the DVR.However, intense police investigation revealed that no theft had taken place and the “victim” himself was the mastermind.Police Commissioner Gahlaut said, “The complainant himself turned out to be the accused in this so-called robbery. Devendra Kumar Chaudhary was heavily in debt — around ₹30 crore — and conspired to stage a theft to claim insurance. No diamonds were stolen.”

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