Off-The-Books Market Racket Busted At ASI's Residence In Gujarat
Summarized by AI; it may make mistakes. Check important info
Summarized by AI; it may make mistakes. Check important info
A high-profile illegal stock betting operation was dismantled following a surprise raid at the private residence of an Assistant Sub-Inspector (ASI) in Surendranagar district. The off-the-books network—commonly known as "dabba trading"—was allegedly operating directly from the second floor of the policeman's home.
The raid was spearheaded by a team under Rajkot Range Inspector General of Police Nirlipt Rai, targeting the house of ASI Sanjay Singh Rathod in Rameshwar Township, located in the Wadhwan taluka. Rathod is currently stationed at Dhajala police station.
High-Tech Illegal Trading Hub Uncovered
Upon breaching the premises, officers discovered that the upper floor of Rathod's house had been transformed into a fully equipped digital control room. The setup was designed to track real-time stock market fluctuations and accept unlicensed, speculative wagers from clients outside the purview of financial regulators.
During the operation, police detained Rathod’s father, Nathu Rathod, on-site. During initial questioning, the senior Rathod told investigators that the illicit trading hub had been set up on his son's direct instructions.
A team of co-conspirators—identified as Divyarajsinh Chudasama, Vipul Sindhav, Arun Kothari, Dalsukh Sindhav, and Vijay Detroja—was caught red-handed using laptops to track market movements while placing speculative orders via mobile phones. Preliminary findings show that ASI Sanjay Singh Rathod and Divyarajsinh Chudasama functioned as primary business partners in the illegal enterprise.
Police seized a significant stash of digital hardware from the scene, including 10 laptops, 29 mobile devices, pen drives, and extensive electronic equipment used to manage client accounts.
Case Stripped From Local Force Amid Probe
An First Information Report (FIR) has been lodged at Joravarnagar police station against seven named suspects and 16 unidentified brokers under Sections 4 and 5 of the Gujarat Prevention of Gambling Act.
Because the prime accused is a serving law enforcement officer, Range DIG Nirlipt Rai immediately stripped Surendranagar Police of the investigation. The entire case has been transferred to Rajkot Rural Police to guarantee an impartial probe.
The investigation is being supervised directly by Assistant Superintendent of Police (ASP) Simran Bhardwaj, with Jetpur Police Station Inspector D. Parmar stepping in as the primary investigating officer. Authorities are currently auditing financial trails and analyzing the seized hardware to establish the full financial scale of the racket.
