Director of brokerage firm, owners held for defrauding

Ananya Saha-Vile Parle police busted a financial scam where a brokerage firm defrauded investors to the tune of Rs 1.4 crore. Cops have arrested Artha Vrddhi Securities director Sunil Jail and owners Dhiren Shukla and Anurag Shukla in the case, while the fourth accused, the firm's business consultant Jairaj Bafna, is absconding. The firm reportedly approached the targets offering to help them manage their trading account so that they could benefit as much as possible. The accused then provided false transaction details to the victims and transferred the profit to their relatives.