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.
An officer of Gandhinagar police said Langute had in 2019 been running a share broking firm in Panvel, named Guruji Commodities. As her firm was not registered, investors did not trust her.
To address this, she checked some websites and found KIFS Broking LLP in GIFT City. She also found the SEBI certificate, which she put on her website and invited investments in the share market.
When the promoters of KIFS Broking LLP learned about this, they approached police and filed a complaint for cheating by impersonation along with charges under the Information Technology Act.
Based on technical surveillance, police found Langute’s office at Panvel in Mumbai, but did not find her there. Police later got an input that she was in Indore, MP, but did not have any success there either.
On Sunday, investigators found that one of the numbers used on the fake firm’s website was used to order food. Police traced the number to Tandalja and caught her.
