Authorities discovered fraud of KD 50,000 at gold store in Al-Rai

KUNA
Tuesday, November 14, 2017

Ministry of Commerce and Industry inspectors have discovered fraud of 3,940 kilograms of gold valued at KD 50,000 (USD 165,000) at a gold store in Al-Rai district. The case was later referred to prosecution.

The Ministry added in a statement Tuesday that the forged items were gold jewelry items of Indian precision.

Cavities in the gold jewelry have been filled with cheap materials in order to increase their weight and sell them as pure gold.

The ministry will take all needed procedures against the forgers, who have already been referred to the competent authorities, the statement added.

The ministry will increase inspection of gold and jewelry markets to verify validity and condition of scales and percentage of precious stones engraved with the items displayed for sale. The Ministry is supervising all the precious metals and stones, whether those displayed at the stores or produced in factories locally or coming from abroad, it said.

It will penalize counterfeiters to protect the consumers, the statement concluded.


Express your comment on this article

 
Haridas
Posted on Saturday, November 18, 2017

The name of the jewelers who have indulged in cheating the public should be made known.. this will not be the first instance of its kind and not going to be the last also... punish the culprits..

Sojan Philip
Posted on Thursday, November 16, 2017

I hope all the jewellery s has to be raided what security is there all of them give pure gold

SY
Posted on Thursday, November 16, 2017

As Somu mentioned, All shops near Lulu are open ! That means its not Kalyan..

Abo Osama
Posted on Thursday, November 16, 2017

@ E Raghunathan : Are you so dumb ? Kaka Mathew has mentioned the name of its brand ambassador & still you do not know the name "Kalyan Jewelers ??

JOHN MATHAI
Posted on Wednesday, November 15, 2017

Dear gold customers, always buy gold biscuit which is 24 crt gold from authorized agent. if you are not going to wear it, then y should you buy ornaments and keep in your safe locker? after couple of years you will go and exchange it for some functions at home, during this time, when you go to sell, jwelery people will say 100 reasons and reduce the price.

Raj
Posted on Wednesday, November 15, 2017

Is Big B the Brand Ambassador for this jeweler ?
If so ....How can he endorse a brand which is fraudulent ?

Somu
Posted on Wednesday, November 15, 2017

All shops near Lulu are open

E Raghunathan
Posted on Wednesday, November 15, 2017

Please let’s know the name of jewellery

Zameer
Posted on Wednesday, November 15, 2017

But then how are the govt authorities stamping the jewellery? Cavity has always been a part of it. Of course cheaters must b punished but it looks like a competitor activity thru waasta....

Arsalam Mehmood
Posted on Tuesday, November 14, 2017

In Alrai ... there are only stores around lulu ... am sure this store is one of them. Your next visit to lulu will make you sure after when you will watch store sealed (Hopefully)

Kaka Mathew
Posted on Tuesday, November 14, 2017

Shameful . Shameful.
Padma Shri great Showman of Bollywood " Shri Shri Amitabh Bachchan " is brand ambassador of this Jewelers.
May be Panama Leaks papers has some insight in this scandal.

Fernandes
Posted on Tuesday, November 14, 2017

Shame! The rich want to become richer at the cost of the poor customers. What about the stamp? We buy the gold believing on the stamp by the Ministry officials. Is the gold stamped without checking its purity?

vinod kumar
Posted on Tuesday, November 14, 2017

This is ridiculous. Punish these culprits so that no Jewelers will dare to repeat the same in future. I applaud the Inspection team who had done a good job to protect the customers.

Toing
Posted on Tuesday, November 14, 2017

Next visit to Lulu @ al-Rai will make you know which shop it was. As they might be sealed.

syed
Posted on Tuesday, November 14, 2017

Any one knows showroom name, In Al-rai, Indian gold shop means shop near LuLu. Is that Kalyan Jewellers ? One fraud caught in one of its showrooms in A.P in all its weighing machines.

Anoop
Posted on Tuesday, November 14, 2017

Why don't you mention the name of Gold Shop where as 4 reputed Indian jewelries are there. to whom you want to protect?

John
Posted on Tuesday, November 14, 2017

Name of the jeweller???

deepak
Posted on Tuesday, November 14, 2017

STRICT ACTION SHOULD BE TAKEN AGAINST THEM AND I APPLAUD THE INSPECTION TEAM WHO HAVE CAUGHT THESE PEOPLES MAKING CUSTOMERS FOOL. DONT LEAVE THEM HAVE PENALTY ON THEM AND SEVERE PUNISHMENT TO RESTORE THE CONFIDENCE OF CUSTOMERS IN KUWAIT WHO USED TO BUY GOLD BLINDLY WITHOUT CHECKING THEIR QUALITY AND QUANTITY DUE TO HAVE FAITH IN GOVT AGENCIES.

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