THURSDAY, 27 AUGUST 2026

Rs 18.4 L worth jewellery seized from bank locker

INVESTMENT SCAM PROBE

PANAJI

The Crime Branch (CB) seized gold jewellery worth Rs 18.4 lakh from a bank locker belonging to Sunita Rodrigues, the former wife of Myron Rodrigues, both of whom along with others are allegedly involved in a massive investment scam.

Sunita, the only person arrested in the case so far, has been remanded to seven more days of police custody by the Judicial Magistrate First Class (JMFC), Margao. The CB arrested her on December 7 after which the JMFC remanded her to five days in police custody.

“The police obtained a search warrant from JMFC Margao to search a bank locker at ICICI Bank, Margao, belonging to Sunita. During the search, we seized gold jewellery weighing 236 grams and valued at Rs 18.4 lakh,” CB SP Rahul Gupta said.

The SP further disclosed that the investigation has unearthed a complex web of financial transactions involving multiple bank accounts and companies. “The police are tracing the money trail to identify the beneficiaries of the scam and recover the defrauded amount,” he added.

The CB took over the investigation into multi-crore investment fraud from the Economic Offences Cell (EOC) recently. The scam, valued at over Rs 100 crore, allegedly involves prime accused Myron Rodrigues, his wife Deepali Parab, ex-wife Sunita, and other accomplices.

Myron and Deepali are accused of masterminding the fraud by luring investors with promises of high returns from the stock market and then misappropriating the funds for personal expenses. All these accused are currently absconding while Myron is believed to be hiding in London. 


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