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The Times of India
The Times of India
National
TNN

Gujarat: Masseuse floats dummy sharebroking firm, caught

AHMEDABAD: Local crime branch (LCB) of Gandhinagar on Monday caught a 29-year-old masseuse from Vadodara for allegedly floating a dummy share broking firm, pretending to be an office of a company that runs from GIFT City in Gandhinagar. Gandhinagar LCB began an investigation into an FIR filed with Dabhoda police on November 27, 2021, where the legal manager of KIFS Broking LLP at GIFT City in Ratanpur village of Gandhinagar alleged that some unknown person had floated a firm using their name.

Investigators found that Jaydevi Langute, a resident of Tahura Park Society in Tandalja, Vadodara, was involved in creating a dummy website of their firm where she even put up the SEBI (Securities and Exchange Board of India) certificate of KIFS Broking. She was working at a spa in the Tandalja area.

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