Cy-Fair, Stafford residents sued over $300,000-worth of 22 karat gold

A Memorial-area business specializing in the sale of jewelry and precious metals is suing residents of Cy-Fair and Stafford, over claims the men cheated the company out of $300,000 during a gold deal.

Gemonds Inc., of Memorial, filed a lawsuit on Aug. 3 in the Harris County District Court against Dhanrajmal Chandrabose, of Cy-Fair, JRS Metals, and Mahmood Rayani, of Stafford, citing breach of contract, conversion and fraud.

Gemonds says that on July 25, it agreed to wire Chandrabose $300,000 in exchange for $300,000-worth of 22 karat gold, but that Chandrabose became evasive after receiving the money and later claimed he did not have the gold because he had been arrested and the police had seized it.

According to the brief, Chandrabose did not explain why he had been arrested and was unable to produce any documents about the arrest or the gold, but promised to contact the plaintiff the next day.

Gemonds claims that, to date, Chandrabose has made no attempts of contact and refuses to return calls.

Gemonds is seeking injunctive relief, damages, attorney’s fees and court costs. It is being represented in the case by Houston attorney Roger Jain.

Harris County District Court Case No. 2011-45772.

This is a report on a civil lawsuit filed at the Harris County Courthouse. The details in this report come from an original complaint filed by a plaintiff. Please note, a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it only represents one side of the story.