Hyderabad: Businessman Cheated of Rs 4.5 Cr in Gold-Diamond Fraud; Accused Absconds

• K. Umamahesh, owner of Sriramakrishna Jewellery Private Limited in Ramanthapur, defrauded of Rs 4.5 crore.
• Accused Nikith Singh Rajput built trust with small, timely payments before absconding with 3-3.5 kg gold and 600 carats diamonds.
• Nikith was introduced to Umamahesh by his employee, Anand, and convinced him of 'special customers'.
• Hyderabad Central Crime Station (CCS) police registered a case and are investigating Nikith Singh Rajput's whereabouts.
• Police advise businessmen to conduct thorough background checks and use proper documentation for large transactions.