Latest news with #Ankleshwar-based
The Print
14-06-2025
- The Print
1,200 kg cocaine, shell companies & a Dubai kingpin—Delhi Police charge sheet in Rs 13,000-cr drug bust
The other five include the alleged kingpin of the drug racket—Virender Baisoya—suspected to be in Dubai now. Rishab, his younger son, and associates Pramod, Ritik Bajaj, and Vikas Rane are also absconding. Of them, 14 of the accused, including ex-leader of Congress Tushar Goyal, landed in the net of the Special Cell of Delhi Police last year following cocaine seizures. New Delhi: Delhi Police have filed a 10,000-page chargesheet in the over-1200 kg, Rs 13,000 crore-worth cocaine haul case, naming 19 accused. Last year, the police had succeeded in arresting Baisoya's younger brother, Ravinder. The cocaine case dates back to October 2024, when investigators claimed to have seized 562 kg of cocaine and 40 kg of Thai marijuana from godown in Delhi's Mahipalpur after a three-month probe. They arrested Tushar Goyal and three others at the time. A slew of arrests followed, with accused Jitendra Pal Singh alias Jassi captured from the Amritsar airport. At the time, the Special Cell conducted consecutive raids, including in Gujarat at the Ankleshwar-based manufacturing unit of Aavkar Drugs, a company that produces precursors to cough syrup. Sources in the police said the gang manufactured the final product, sellable cocaine, in two stages in Gujarat and Delhi. 'The chargesheet mentions three shell pharma companies that Virender created on forged identities, with the shell companies used for transactions and for buying raw materials and then selling them,' a police source said. The shell companies procured raw materials from five genuine pharmaceutical firms located across South India and in Gujarat, police sources said, adding that they have not charged those firms. After the probe, the police found those companies had no role in the syndicate and that the gang fraudulently procured chemicals from them, a police source said. Once the gang had fraudulently procured the raw chemicals from the pharma companies, they processed the chemicals in Avkar. From Avkar, the gang sent the drugs to Delhi in trucks and other vehicles via Uttar Pradesh. 'Here, [in the Capital], Tushar Goyal mixed the chemicals with the cocaine mixture coming from South American countries via Dubai,' another police source said. Police sources said Baisoya's son was handling the coordination between key players such as Tushar Goyal and Jitendra Pal Singh. 'Virender Baisoya is the kingpin. He arranged all the logistical aid and decided how and where the drugs should reach,' the first source said. Baisoya is an accused in the Meow Meow drug case that came to the fore in February last year. The case involved Mumbai Police tracing contraband to Delhi and Pune and seizing 1,700 kg, worth over Rs 3,000 crore. Sources in the Delhi Police said that in the current case, technical evidence, mobile data records, CCTV footage, transaction records, and digital footprints, other than seizures, formed the crux of the evidence. 'There are some other key associates of Virender Baisoya, who are also involved in the syndicate. Further investigation is on,' a source said. The police suspect Basoiya left India after the 2024 drug haul. The Delhi Police probe began at the time based on intelligence inputs about drug consignments, pre-festive season or pre-music concerts, last year. (Edited by Madhurita Goswami) Also Read:At heart of Rs 13,000-cr drug bust, 2 brothers from a 1,100-yr-old Delhi village & 'extravagant' lifestyle
Yahoo
12-06-2025
- Business
- Yahoo
India's equity benchmarks poised for flat open
(Reuters) -India's benchmark indexes are poised for a muted open on Thursday as investors weigh the U.S.-China trade deal, which lacks details and leaves the door open for potential tariff flare-ups. The Gift Nifty futures were trading at 25,210.5 as of 7:44 a.m. IST, indicating that the Nifty 50 will open near its Wednesday's close of 25,141.4. The Nifty rose for the last six consecutive sessions, trading at eight-month highs, buoyed by the Reserve Bank of India's (RBI) policy support and signs of progress in global trade negotiations. [.BO] However, sentiment in Asian markets was subdued on the day, mirroring Wall Street's overnight losses amid fresh geopolitical tensions and ambiguity in the U.S.-China deal. [MKTS/GLOB] U.S. President Donald Trump said a framework on tariff rates had been reached to revive the fragile trade truce with China. While this lifted investor hopes, the lack of specifics kept markets on edge. Trump also announced a partial evacuation of U.S. personnel from the Middle East, calling the region "a dangerous place," and reiterated that the U.S. would not allow Iran to develop nuclear weapons. Meanwhile, domestic institutional investors extended their buying streak to the 17th session on Wednesday, while foreign portfolio investors ended their three-day purchase run. Investors now await the consumer inflation data for May, due post-market. A Reuters poll projects inflation to have eased to a six-year low of 3% on a favorable base and softening food prices, reinforcing the RBI's recent policy easing. STOCKS TO WATCH ** Zydus Lifesciences receives an establishment inspection report from the U.S. drug regulator for its Ankleshwar-based API manufacturing facility, indicating the end of the inspection ** Sterlite Technologies enters agreement with BSNL for a network project valued at 26.31 billion rupees ($307.9 million) ** Tanla Platforms announces it will consider buyback of equity shares on June 16 ($1 = 85.4420 Indian rupees) Sign in to access your portfolio
