Mumbai: The Economic Offences Wing (EOW) of Mumbai Police has arrested Sandeep Babulal Gada (39), a furniture and plywood businessman residing at Awez Heights, near Union Bank, S.V. Road, Andheri (West),
in connection with Crores financial fraud case.
Multiple BNS Sections Invoked
The case has been registered under multiple sections of the Bharatiya Nyaya Sanhita (BNS) 2023 — Sections 111 (abetment), 318(2)(4) (cheating and dishonesty), 336(3), 338 (forgery and use of forged documents), 339–342 (criminal breach of trust, criminal conspiracy, and falsification of accounts), 61(2) (criminal intimidation), and 3(5) (common intention).
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Further Probe Underway
According to EOW officials, Gada was taken into custody after investigators gathered substantial evidence linking him to the fraudulent transactions. He will be produced before the Esplande court on Today, Friday. Further investigation into the financial trail and the involvement of other associates is currently underway, said EOW sources.
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