According to Joint Commissioner of Navi Mumbai police Madhukar Pandey, the arrested accused Jashpalsingh Gopalsingh Koranga, 31, is a resident of Nevali, near Hajimalang Hills.
The Crime Branch officials had a tip off that the accused was to visit the Janta Market at Turbhe and laid a trap on Thursday and nabbed him late in the evening, police said.
The probe team which interrogated him recovered 460 gms of gold ornaments which he had allegedly mortgaged. The booty was valued at around Rs 13.8 lakh, the official said.
Two of Singh's associates are on the run and police have launched a manhunt to nab them, Pandey said.
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The official said that around 21 cases have been registered against Singh of which five are in Koparkharine, one in Turbhe MIDC, three in Rabale, two each in Rabale MIDC, APMC, Vashi, Nerul, Kharghar and Sanpada areas.
He said that offences of attempted dacoity and theft of vehicles have been registered against him with the APMC police station.
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