News > Mumbai-based brokerage firm owners, director arrested

Mumbai-based brokerage firm owners, director arrested

Mumbai’s Vile Parle Police busted a financial scam where a brokerage firm had duped investors to the tune of Rs 1.54 crores. Three people, including the director, Sunil Jail, and the owners of the firm, Dhiren Shukla and Anurag Shukla, have been arrested, while a fourth person is absconding. 

After getting hold of the victims’ trading accounts, the accused provided fake transaction details and asked them to divert the profit to their family members.