Debashish Dutta was arrested on the basis of a complaint filed by one Shikha Paul that she found the doors of her residence in Dwarka open and jewellery items lying in a briefcase ransacked on May 4, 2012.
Paul, who lives in Vishakapatnam in Andhra Pradesh, had asked Dutta, who is their relative, to take care of their property.
Police interrogated Dutta and maid Dharmwati and finally the software engineer broke down and said he was facing financial hardship owing to huge loss in business.
"He made all out efforts to arrange funds but in vain. One day the complainant rang up and told him that she had forgotten her briefcase containing valuables in Dwarka flat and requested to keep in safe custody. Instead of honouring her words, he succumbed to his temptation and stole jewellery in the briefcase," A K Ojha, Additional Commissioner of Police, South-West District, said.
He searched the potential buyer but the desired amount could not be received and thereafter he decided to have gold loan from Muthoot Gold Finance company, he said.
Dutta told police that he was running a software company at Kakrola and that he incurred huge loss and in order to compensate the loss, he stole the gold jewellery from the flat.
Gold jewellery worth Rs 3 lakh was recovered from his possession.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app