Punjab Police files fraud FIR against diamond merchant couple

May 23, 2026

A case of fraud has been registered in Jalandhar against a diamond merchant couple from Talwara, Hoshiarpur. It is alleged that the couple defrauded a man of 25 lakh rupees by promising to invest in a diamond business in Dubai.

The accused have been identified as Atul Verma and his wife Riya Verma.

Retired bank employee files complaint

In his complaint to the police, Rakesh Kumar, a resident of Basti Danishmanda, stated that he is a retired employee of the Jalandhar Central Co-operative Bank.

He alleged that Atul and Riya Verma, posing as jewelry merchants, offered to invest in a diamond business in Dubai. The accused claimed that they had jewelry showrooms in Talwara and Jalandhar and that their investment would yield good profits every 15 to 20 days.

25 Lakh Rupees Transferred Through RTGS

According to the complainant, trusting the accused, he transferred a total of 25 lakh rupees through RTGS to various bank accounts on February 28, 2025.

However, he has received only 3,74,300 rupees in profit and interest, while the principal amount has not been returned.

Case Registered After Investigation

The victim alleged that the couple systematically defrauded him. The case was investigated based on a report from the Assistant Commissioner of Police, Special Branch, Jalandhar.

Following this, on the orders of the Police Commissioner, a case was registered against Atul Verma and Riya Verma at Police Station Division No. 5 under sections 316(2), 318(4), and 61(2) of the IPC. Further investigation of the case has been entrusted to ASI Balwinder Kumar.