logo
Ratnagiri crime branch seized 2.5kgs of ambergris

Ratnagiri crime branch seized 2.5kgs of ambergris

Time of Indiaa day ago
Navi Mumbai: A seven member Ratnagiri police crime branch squad on Aug 1 seized 2.5 kg of ambergris worth a fortune in the MIDC area by laying a trap. They arrested the accused Ejaj Mirkar (41), who had come to sell the item and seized his two-wheeler during the operation.
This was revealed by the Ratnagiri SP Nitin Bagate in a media conference on Saturday. Further investigation is on. Bagate said, "No other suspect has yet been revealed. The forest and fisheries department have confirmed the ambergris. Accused was taken into custody and later given notice."
The seizure was done near the beach of Ratnagiri township. A tip-off was received from an informant about the illegal trade. The crime branch team was headed by police inspector Nitin Dhere and sub-inspector, Sandip Ugale among others. Mirkar, a resident of Ratnagiri is into petty business in the township. The Ratnagiri rural police have booked him for illegal trade of animals, illegal possession, dealing without license, purchased without license among other sections of the Wildlife (Protection) Act-1972.
The police have estimated that the seized item is worth Rs 2.5 crore in the grey market excluding the cost of the motorcycle. Being a coastal area, there are a few previous incidents of ambergris seizure in the district.
You Can Also Check:
Mumbai AQI
|
Weather in Mumbai
|
Bank Holidays in Mumbai
|
Public Holidays in Mumbai
Get the latest lifestyle updates on Times of India, along with
Friendship Day wishes
,
messages
and
quotes
!
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Two arrested for robbing small finance bank in Odisha
Two arrested for robbing small finance bank in Odisha

News18

time19 minutes ago

  • News18

Two arrested for robbing small finance bank in Odisha

Agency: PTI Last Updated: Bhadrak, Aug 3 (PTI) The police on Sunday arrested two persons, including a former employee, for their alleged involvement in the armed robbery of a small finance bank in Odisha's Bhadrak district, police said. Four masked men stormed into the bank on June 11 and looted Rs 7.54 lakh at gunpoint. Following the incident, bank officials lodged a complaint at Tihidi Police Station, prompting an investigation. During the course of the probe, police recovered Rs 2,000 in cash, four mobile phones, and one vehicle used in the crime. The arrested accused persons have been identified as Pralhad Raut, a former employee of the bank, and Anil Behera of Kandhamal district. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

ED arrests ex-Axis Mutual Fund chief dealer in Rs 200-crore front-running scam
ED arrests ex-Axis Mutual Fund chief dealer in Rs 200-crore front-running scam

India Today

time23 minutes ago

  • India Today

ED arrests ex-Axis Mutual Fund chief dealer in Rs 200-crore front-running scam

The Enforcement Directorate (ED) on Saturday arrested the former Chief Dealer of Axis Mutual Fund for involvement in a Rs 200 front-running scam. The arrest followed an extensive raid across multiple cities as part of its investigation into a major front-running scam involving Axis Mutual searches, carried out on August 1 and 2 under the Prevention of Money Laundering Act (PMLA), 2002, spanned locations in Delhi, Mumbai, Gurugram, Ludhiana, Ahmedabad, Bhavnagar, Bhuj, and ED probe stems from an FIR filed by Mumbai Police in December 2024, which accused Viresh Gangaram Joshi, the former Chief Dealer of Axis Mutual Fund, of orchestrating a large-scale front-running operation between 2018 and 2021. Joshi allegedly exploited confidential trading information to conduct preemptive stock trades for personal gain, generating significant illicit profits. Investigators revealed that Joshi used a terminal in Dubai to execute front-running trades through mule trading accounts sourced from various brokers. The scheme, according to ED, defrauded Axis Mutual Fund investors, with the fund managing assets worth over Rs 2 lakh crore. In addition to Joshi, several traders and brokers are also under scrutiny for allegedly misusing advance trade information to earn illegal profits — categorised as Proceeds of Crime (POC) under far, ED has identified over Rs 200 crore in illicit gains from the fraudulent activity, though officials believe the actual amount may be considerably higher. The proceeds were reportedly routed through a network of shell entities and bank accounts owned by the accused and their close the two-day search operation, ED froze assets — including shares, mutual funds, and bank balances — worth Rs 17.4 crore. The key accused, Viresh Gangaram Joshi, was arrested on August 2 and produced before the competent court, which granted ED custody until August 8 for further the core of the scam, is an illegal practice wherein brokers or traders use advance knowledge of client orders to benefit themselves, undermining market fairness and harming other investigation is ongoing, with more individuals likely to come under the scanner in the coming days.- Ends

Sister, brother-in-law arrested after minor girl raped, gives birth
Sister, brother-in-law arrested after minor girl raped, gives birth

Indian Express

time40 minutes ago

  • Indian Express

Sister, brother-in-law arrested after minor girl raped, gives birth

A 40-year-old man was arrested in Mumbai on Saturday for allegedly raping his wife's younger sister and impregnating the minor girl. Police also arrested the accused man's wife for trying to cover up her husband's crime and conducting her sister's delivery at home. The matter came to light when the girl had to be shifted to hospital. According to police, the girl and the two accused live in the same house. In her statement to police, the teenaged girl said that her brother-in-law raped her on multiple instances between March 2024 and July this year. The minor girl became pregnant and when she complained to her elder sister about this, she allegedly threatened the girl. 'The elder sister, in order to cover up her husband's crime, never allowed the girl to go out for medical checkup or treatment. She herself carried out the minor girl's delivery at home but when her condition deteriorated, she was rushed to the Bhabha hospital,' said a police source. From the hospital, police were informed about the incident. 'After the girl was stable, we recorded her statement, based on which we booked her brother-in-law and elder sister and subsequently arrested the couple,' said a sub-inspector from the police station where the complaint was registered. The minor is still hospitalised, however, the girl and her baby are stable, an officer said. Police arrested both the accused under relevant sections of the Protection of Children from Sexual Offences (POCSO) Act and Bhartiya Nyay Sanhita (BNS) for rape and threatening. Police have also charged the victim's elder sister with concealing information of an offence, causing disappearance of evidence, and threatening the teenager.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store