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Mumbai Crime News: Three Zaveri Bazaar Traders Booked For Allegedly Defrauding Investors In Gold Trading Scam

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Mumbai: Three traders from Zaveri Bazaar are alleged to have defrauded many individuals by guaranteeing substantial returns on their investments in the gold industry. They reportedly put in around Rs 44 crore into Dabba Trading, which included 36 kg of gold and nearly Rs 10 crore in cash.

When encountering losses, the traders stated that the business was struggling. A report was lodged at Lokmanya Tilak Marg police station regarding these traders. A trader located in the western suburbs with a shop in Zaveri Bazaar knew Ladulal, Pallav, and Shubham, who were recognized in the neighborhood for their business activities.

They persuaded the trader to invest, guaranteeing profitable returns via various business strategies, initially drawing in approximately Rs 2 crore in capital. A profitable return enhanced the trader’s confidence, prompting further investments of 36 kg of gold and Rs 10 crore.

When returns stopped, the trader looked for reasons, and although he received cheques from multiple accounts, none were dishonoured. Following the inquiry, it became evident that the three individuals had incurred losses of Rs 44 crore in dabba trading, leading the trader to complain.

Dabba trading is an unlawful activity conducted outside the stock exchange, without proper registration and regulation, resulting in significant losses for investors and tax evasion for the government, while misleadingly asserting greater returns than legitimate stock market investments.

Crime

BJP worker brutally attacked, shot dead in Bengal’s Malda; police detain one

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Police said on Thursday that a Bharatiya Janata Party (BJP) worker was first brutally hacked and then shot dead by a group of miscreants in a minority-dominated Malda district in West Bengal.

The incident occurred on Wednesday night. The deceased has been identified as Samir Ghosh.

“As per information available so far, a group of assassins first hacked Ghosh brutally. Thereafter, to ensure his death, he was shot from close range, which led to his death on the spot,” said a state police officer.

After receiving news of the incident, high-ranking police officials from the district reached the spot on Wednesday night.

The reason for this murder and those involved in the brutal killing were being investigated.

The police have detained one person who was being questioned.

Gosh’s family members have accused local miscreants associated with Trinamool Congress of being responsible for the brutal murder because he was associated with the BJP.

However, the local Trinamool Congress leadership has denied the allegations. Acute tension prevailed in the area.

It is learnt that the incident took place on Wednesday night in the Ramkeli area of ​​​​English Bazar police station in Malda district. Allegedly, while the people were busy with idol immersion, some people entered Gosh’s house.

It is alleged that before anyone realised anything, he was attacked with sharp weapons. After that, he was also shot at from a close range to ensure his death, his family members alleged.

The brother of the deceased BJP worker said that his brother had been receiving threats in various ways for a long time for his association with the BJP, and he was even asked to leave the locality.

However, he did not leave the house out of fear. The incident took place on the occasion of Vijaya Dashami.

The brother of the deceased person also alleged that Gosh was alone at home at the time of the incident. The miscreants took advantage of that opportunity and entered the house and committed the brutal act.

The brother also claimed that all the accused persons have links with the Trinamool Congress. He also claimed that this murder had been planned for a long time.

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Crime

Delhi Police busts interstate heroin network, arrests seven; drugs worth Rs 60 Cr seized

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Delhi Police busted an interstate heroin supply and manufacturing network extending from Delhi and Haryana to Uttar Pradesh and Jharkhand, arresting seven accused and recovering 8.128 kg of heroin worth approximately Rs 60 crore in the international market.

The operation, conducted by the Special Staff of Rohini district under the Nasha Mukt Bharat Abhiyan, also led to the seizure of 3.291 kg of chemicals and raw materials used in heroin manufacturing, Rs 12.81 lakh in cash, three SUVs, a motorcycle and equipment used in the illegal drug production process.

According to the police, the operation was carried out by a team led by Inspector Sandeep Godara under the supervision of ACP (Operations) Ajmer Singh. The investigation uncovered links between suppliers, a heroin manufacturing unit and a person involved in illegal opium poppy cultivation.

The operation began on September 16, when police received information about narcotics movement in the Begumpur police station area. Acting on the tip-off, a team laid a trap in Sector 32, Begumpur, and intercepted a car. The police arrested Laxman Hooda, 58, a resident of Rohtak, Haryana, and recovered 300 grams of heroin and Rs 3 lakh in cash from the vehicle.

On September 17, the police arrested another accused, Anil alias Bhola, 51, from Sonipat, Haryana, and recovered 501 grams of heroin from his car. Anil has been involved in 12 criminal cases. He had previously been arrested in an NDPS case registered at Bhalswa Dairy police station in 2025.

After being granted interim bail, he failed to surrender and was subsequently declared a proclaimed offender by a court.

Further investigation and technical surveillance led the police to a heroin manufacturing facility in Sita Colony, Jankipuram, Lucknow, Uttar Pradesh, on October 4.

The police arrested Bablu, 35, and recovered 6.275 kg of freshly manufactured heroin. They also seized 2.504 kg of sodium, 787 grams of acetic anhydride, a gas cylinder, a mixer-grinder, utensils, a tub, an electronic weighing machine, polythene and other manufacturing equipment.

Following Bablu’s interrogation, the police traced and arrested Ruksar Ali alias Raju, the alleged owner and main source supplier of the manufacturing facility, from Bareilly, Uttar Pradesh, after an extensive search. Ruksar has previously been involved in three NDPS cases, according to the police.

On October 6, Ajaj Ahmed, 38, was arrested in Bareilly for supplying crude opium to Ruksar. The police recovered 501 grams of heroin and a motorcycle from him.

The investigation subsequently led to the arrest of Mohammad Azhar, 20, from Badaun, Uttar Pradesh, on October 16. He allegedly supplied heroin and crude opium to Ajaj. The police recovered 551 grams of heroin, Rs 9,81,700 in cash and a car from his possession.

On October 18, the team reached Jharkhand’s Chatra district, a Naxalite-affected area, and arrested Prakash Kumar, 31. He supplied raw opium to the other accused and was involved in illegal opium poppy cultivation on his agricultural land.

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Crime

CISF seizes foreign currency worth Rs 1.13 crore at Kolkata airport

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Alert personnel of the Central Industrial Security Force (CISF) detected foreign currency worth approximately Rs 1.14 crore concealed in the hand baggage of two passengers bound for Bangkok at Netaji Subhas Chandra Bose International Airport, Kolkata.

The detection took place around 10:20 a.m. on October 19 during routine security screening at the International Terminal Security Hold Area. A CISF screener noticed suspicious images in the X-ray scans of the hand baggage carried by the two passengers scheduled to travel to Bangkok on Bhutan Airlines flight B3700. The bags were subsequently referred for physical examination.

During the inspection, CISF personnel recovered USD 1,19,900, equivalent to approximately Rs 1,13,64,002, concealed inside false bottoms of the two bags. The foreign currency had been wrapped in newspaper in an apparent attempt to conceal it from security personnel.

Of the total amount recovered, USD 74,900 was found in the hand baggage of one passenger, while USD 45,000 was recovered from the other passenger’s bag.

Following the prescribed formalities, both passengers, along with the seized currency, were handed over to the Air Intelligence Unit (AIU) of Customs for further investigation and necessary legal action.

On October 20, the passenger from whose baggage USD 74,900 was recovered was taken by AIU/Customs officials to the District and Sessions Court for further legal proceedings following the investigation and seizure. The second passenger was released by Customs after the issuance of a detention receipt for the USD 45,000 recovered from the passenger’s baggage.

CISF in a release reiterated its commitment to maintaining aviation security through effective screening procedures, alert surveillance and professional conduct by its personnel. According to officials, the detection stresses the importance of coordinated action between airport security personnel and Customs authorities in addressing suspected financial and currency-related violations.

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