CUDDALORE:
A special police team constituted by Superintendent of Police (Cuddalore) Ashwin Kotnis nabbed the defaulting pawn shop-owner, V. Sivakumar, at Panruti near here on Wednesday.
Addressing a press conference here, Mr. Kotnis said that Sivakumar was running a pawn shop at Panruti for the past six years. More than 70 persons had pledged their jewellery with him over a period of time. However, Sivakumar went missing sometime ago and his whereabouts could not be traced. Consequently, those who had pledged their valuables with him complained to the police. The valuables consisted of a total of 216 sovereigns of gold jewellery and 3,140 gm of silver articles.
Receipts seized
The police personnel nabbed Sivakumar near the Panruti municipality on Wednesday morning and seized from him a bunch of receipts. Mr. Kotnis said that during interrogation, Sivakumar admitted to the crime and said that he had re-pledged the jewellery with other private financiers and pocketed the money. On learning from newspapers that security personnel were after him, he made a surreptitious visit to his shop to collect all those receipts before the police could seize them.
Mr. Kotnis said that since those receipts were intact, the police would initiate legal proceedings to get back the jewellery from the private financiers and hand them over to the owners. Cases had been booked against Sivakumar under Section 409 (criminal breach of trust) and Section 402 (cheating) of the Indian Penal Code. Soon after the news spread that Sivakumar was in police custody, people thronged the Superintendent of Police's office and thanked him for taking swift action.
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