Rs 7.88 Crore Gold Heist in Mumbai’s Borivali: Two Arrested, Minor Detained; Hunt On for Absconding Accused

Mumbai | Undercover Editor News Channel, February 06, 2026

Mumbai: Mumbai Police have arrested two persons and detained a minor in connection with a high-value gold theft worth ₹7.88 crore from a jewellery store in Borivali West. The theft involved nearly 5 kilograms of gold ornaments, making it one of the major jewellery heists reported in the western suburbs in recent times.

According to police officials, the incident took place during the intervening night of January 13 and 14 at My Gold Point, a jewellery store located in the IC Colony area. Investigations have revealed clear insider involvement, with at least two store employees allegedly executing the theft and fleeing with the gold after closing hours.

The employees, who were entrusted with the keys of the shop, reportedly emptied the jewellery display counters and escaped with the ornaments. The crime came to light the next morning when the store owner discovered the missing stock and immediately alerted the police.

A special team from MHB Colony Police Station was formed, which scanned multiple CCTV cameras from the store and surrounding areas to trace the suspects’ movements. Based on technical evidence and surveillance inputs, police successfully arrested one employee and his accomplice, while a minor involved in the crime was detained and sent to an observation home.

Senior officials confirmed that one kilogram of stolen gold has been recovered so far, while another employee remains absconding with approximately four kilograms of gold. Police suspect that the absconding accused received help from two to three additional accomplices, who arranged transportation to aid his escape.

“We have identified all suspects involved in the case. Efforts are underway to trace the absconding accused and recover the remaining gold,” said a police official, adding that multiple teams are conducting searches across Maharashtra and nearby states.

The investigation is being carried out under the supervision of DCP Sandeep Jadhav and Senior Inspector Harish Gawli. Police have assured that further arrests are likely and recovery efforts will continue until all stolen property is traced.

The case has once again highlighted the risk of insider thefts in jewellery establishments, prompting calls for stricter internal security measures across the sector.