Ahmedabad: 6 accused caught doing business of stock market without license, 2 absconding
Nowadays people do different types of illegal business by adopting shortcuts. In which cricket betting, share market bins, lottery, online games or any other method, you want to become a millionaire soon. One such case has come to the fore today from SG Highway in Ahmedabad city.
crime branch team raided the city
Based on the information received from the informer, the crime branch team raided the city, in which an office on SG Highway was found to be trading illegally in the stock market without a license. In which the police arrested 6 accused and recovered 18 mobile phones and Rs 29 thousand eight hundred ten in cash and other equipment along with a total of Rs 1 lakh 58 thousand 310.
No license was found with the accused
On the basis of secret information, the team of City Crime Branch raided the premises named Moneyplant Hub located on SG Highway and arrested 6 accused. These include Nitin Patel, Maulik Patel, Manish Rajput, Ajay Chaurasia, Vikram Barot and Bharat Bhatt. While Himanshu and Bhadresh Patel are wanted. Police interrogation revealed that these people had not taken any kind of license from the stock exchange. These accused used to work in the stock market illegally and caused financial loss to the Government of India. Since violating SEBI rules is a crime, the police have filed a complaint and are investigating further.
