Search on for trader accused of escaping with gold ornaments worth ₹1.39 crore in Kerala
Police in Kozhikode, Kerala, are searching for a local trader named Safarnas who allegedly absconded with gold ornaments worth ₹1.39 crore. The suspect had collected the gold from multiple jewellers on a commission basis before disappearing and switching off his mobile phone.
Why it matters
The incident highlights significant security and trust issues within the local gold trade industry and potential links to broader counterfeit gold rackets.
The city police have launched an intensive search for a local trader who allegedly disappeared after collecting gold ornaments worth approximately ₹1.39 crore from several jewellery establishments in the city’s Kammath Lane area for sale on a commission basis.
The accused, identified as Safarnas, a resident of Parambil Bazaar, is alleged to have collected more than 118 sovereigns of gold ornaments from multiple jewellers on July 27. According to the complaint submitted to the Kozhikode Town police, the ornaments are valued at ₹1,39,35,747.
Police sources said Safarnas, who had been engaged in selling gold ornaments on behalf of various jewellery shops for a commission, failed to return with either the jewellery or the sale proceeds after collecting the gold consignments. His mobile phone was found switched off since the incident came to light, they said.
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