Main accused in ‘Dabba’ trading case arrested by Mumbai Crime Branch
'Dabba trading' refers to illegal share trading outside the purview of recognized stock exchanges.
2 min read
Police said that Mehta's turnover between March 23 and June 20, 2023, was a whopping Rs 4,672 crore. (Representational photo) The Mumbai Police Crime Branch investigating the case of alleged ‘dabba trading’ on Thursday arrested Dhiman Gandhi (33), one of the main accused. This is the fifth arrest in the case and the cops said they expect to take a few more into custody.
A police official said, “We were on the lookout for Gandhi for some time. On Wednesday, we received a tip off about his location following which he was apprehended.” He was produced before the local court today and remanded to police custody for one day.
DCP (crime) Raj Tilak Roushan said, “Gandhi, who owns a computer shop, was the one who would give the login ID and password to Jatin Mehta, who would then pass it on to others. During Gandhi’s interrogation, a few more things will be clarified.”
On June 20, the crime branch had arrested the main accused Jatin Mehta (45). Following this, on June 28, the cops caught three more accused, identified as Vijay Gada (28), Vijay Rathod (57) and Hiten Makwana (45).
‘Dabba trading’ refers to illegal share trading outside the purview of recognized stock exchanges. Police said that Mehta’s turnover between March 23 and June 20, 2023, was a whopping Rs 4,672 crore. He is also accused of cheating the government of more than Rs 1.95 crore by not paying various taxes such as security transaction tax, capital gains tax, stamp duty, SEBI turnover fees and stock exchange turnover revenue.
You May Like
