One held in Maninagar for dabba trading

Ahmedabad: Maninagar police arrested one Vishal Badiyadara, 38, a resident of the area, for his alleged involvement in a dabba trading racket (where positions on securities are accepted illegally).

Maninagar police said they had specific information that a youth was involved in dabba trading, based on share prices, using a mobile application. The cops stated that a raid was conducted, and the youth was apprehended. On checking, two mobiles were found on his person. The cops said on checked one mobile phone, they found that he was trading in the share market through a mobile application and was making spot trades using a credit card.

The cops said Badiyadara also used to trade for another person. Police have arrested Badiyadara and have sent his mobile phone for analysis to find out how the racket was being run.

In another incident, Maninagar police said two youths were caught on Thursday afternoon, placing bets on the India-New Zealand Test match using a certain mobile application.

Police said that they arrested Anish Rai, 37, a resident of Mehmadabad, and Parimal Patel, 31, a resident of Isanpur.