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Mumbai Crime: EOW Arrests 45-Year-Old Vadodara Man In ₹16 Crore Share Fraud, Allegedly Helped Woman Impersonate Shareholder

Mumbai, September 1, 2026: The Economic Offences Wing (EOW) of the Mumbai Police has arrested 45-year-old Sarfaraz Jumma­sha Shah from Vadodara, Gujarat, in connection with an alleged Rs 16 crore share fraud involving the illegal dematerialisation and sale of 54,000 bonus shares belonging to two...

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