Life

Inside Snatch?

By

Two Indian diamond merchants have been charged with a $7 million
insurance fraud for staging a diamond heist a year earlier, which media reports
at the time compared to the movie
Snatch.

Atul Shah, 48, and Mahaveer Kankariya, 43, owners of Dialite Imports, a
wholesale diamond business in New York’s diamond district, are accused of
hiring two men to pose as Hisadic Jews in December 2008 to rob their business
at gun point and then claiming $7 million in compensation from their insurer
Lloyds, which alerted police.

Shah and Kankariya told police that the robbers stole $9 million in
jewelry and damaged the store’s surveillance system. Police were able to
retrieve some of the surveillance tapes, which allegedly show the owners
emptying the safes of jewelry two hours before the robbery.

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