Mumbai police arrests Gujarat man for fraudulently transferring shares worth Rs 24 lakh in his name

The complainant, residing in Borivali, Mumbai, held 6,430 shares of Sa Re Ga Ma India Limited in physical form since 1999, now valued at Rs 23.85 lakh. In 2021, when attempting to transfer the shares to his demat account, he discovered that someone else had claimed ownership.

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