$1.2 Million Theft at Nob Hill Boutique Is Owner Dispute

Man admits to removing $1.2 million worth of goods from store -- his store.

By Chris Roberts
|  Tuesday, Oct 15, 2013  |  Updated 9:24 PM PDT
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$1.2 Million Theft at Nob Hill Boutique Is Owner Dispute

kke227 / Flickr

An alleged $1.2 million heist at the Fairmont Hotel could in fact be a business dispute.

The man wanted for a $1.2 million theft of merchandise out of a San Francisco hotel has a reasonable alibi.

He's the owner -- and it's his stuff.

The "massive theft" on Oct. 6 at Charisma Crafts, a "high-end" seller of Indian items at the Fairmont Hotel in San Francisco, culminated in "someone us[ing] a U-Haul to empty out the store," according to San Francisco police.

Who could do such a thing? Someone with keys to the joint, the San Francisco Examiner reported.

The "suspect" in the case is Nasir Sheikh, a resident of South San Francisco who says he is the owner of the shop -- and only removed 60 percent of the store's merchandise following a dispute with his business partner because he couldn't fit the rest in the U-Haul.

Police arrived at his home the day of the "robbery" but did not arrest him, according to the report.

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