BKC Police arrested Ganshyam Tagdiya, a 50-year-old diamond trader, for a ₹1.70 crore fraud against another trader, Setul Modi. The accused allegedly exchanged a GIA-certified diamond with CVD (Chemical Vapor Deposition) diamonds, sending the real one to Hong Kong for recertification. The police arrested Tagdiya, while the search is underway for alleged accomplices Pritesh Shah and Bharat Gangani.