Gold ornaments worth over Rs 47 lakh have been recovered from the possession of the accused, identified as Tukaram Adsul, said Thane Joint Commissioner of Police Madhukar Pandey.
The accused has 37 theft cases pending against him in 19 police stations.
Explaining how Tukaram Adsul worked, the police said he promised his targets tenements under the Prime Minister/Chief Minister Awas Yojana. He would then ask the potential targets to meet him at a particular spot with various documents.
He has allegedly committed theft in various areas spread across Thane and neighbouring Navi Mumbai.
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