Hyderabad: The owner of Musaddilal Jewellers, Nitin Gupta, is still absconding after having refused to appear before the investigation officials at Central Crime Station (CCS). Officials say he has switched off his phone and has locked his house. A team of cops is being deployed to take him into custody.
Sources say Gupta might remain in hiding till he manages to get an anticipatory bail or a stay on investigation in the case. With the disappearance of Gupta, both cops and IT officials have hit a major roadblock in their probe.
“As per the notice issued to him, he should have appeared before our officials last week. But he avoided it and refused to appear at the CCS. Now we are left with no option but to hunt him down,” said a senior official from CCS.
The IT department and the police have collected several documents and evidences against the fraudulent activities of the business tycoon. The IT officials, who raided the store at Banjara Hills, had found '97 crore fraudulently deposited into two bank accounts of the store. Gupta had created fake bills and showed that thousands of customers had purchased gold from his store in one night after demonetisation.
