Surat: A 42-year-old resident of Puna used to be arrested by crime branch sleuths from his store in Magob house of the city for doing unauthorized buying and selling in shares thru his dabba buying and selling network on Tuesday.
Police seized cash and pc apparatus worth Rs75,000 from accused Sunil Dangra’s store in Citadel Complex. He used to be produced in a local court docket which remanded him in police custody for six days.
Police are to yet question him about his friends within the illegal endeavor. Dangra used to be operating the buying and selling terminal with out required permissions and licences. He did not pay taxes to the federal government for the transactions, police knowledgeable.
Dangra used to be booked for gambling below Indian Penal Code and Securities Contract (Regulation) Act and in addition below the Securities and Exchange Board of India Act.
Dangra informed police that he used to be earlier doing textile trade in Mumbai along with his father. He invested some cash within the shares thru authorized brokers and progressively won wisdom in stock buying and selling. Meanwhile, the family shifted to town where it began textile trade in 2009. He began unauthorized stock buying and selling to make quick cash after struggling a loss of Rs8 lakh within the trade.
Police seized cash and pc apparatus worth Rs75,000 from accused Sunil Dangra’s store in Citadel Complex. He used to be produced in a local court docket which remanded him in police custody for six days.
Police are to yet question him about his friends within the illegal endeavor. Dangra used to be operating the buying and selling terminal with out required permissions and licences. He did not pay taxes to the federal government for the transactions, police knowledgeable.
Dangra used to be booked for gambling below Indian Penal Code and Securities Contract (Regulation) Act and in addition below the Securities and Exchange Board of India Act.
Dangra informed police that he used to be earlier doing textile trade in Mumbai along with his father. He invested some cash within the shares thru authorized brokers and progressively won wisdom in stock buying and selling. Meanwhile, the family shifted to town where it began textile trade in 2009. He began unauthorized stock buying and selling to make quick cash after struggling a loss of Rs8 lakh within the trade.
Dabba trading racket busted, one arrested with Rs 75,000
![Dabba trading racket busted, one arrested with Rs 75,000]()
Reviewed by Kailash
on
April 10, 2019
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