**Mumbai Police Arrest Share Fraud Accused After 21 Years on the Run**
In a significant breakthrough, the N. M. Joshi Marg Police have arrested a share fraud accused who had been absconding for over 21 years. The accused has been identified as Santosh Hirachand Jain (50), a resident of Ratlam, Madhya Pradesh. He was apprehended from the Mira Road area near Mumbai.
### Police Team Behind the Operation
The operation was led by Assistant Police Inspector Somnath Deshmane. The case, originally registered in 2004, involves serious charges including theft, fraud, forgery, and criminal conspiracy under various sections of the Indian Penal Code (IPC).
### Charges Filed Under IPC
The charges against Santosh Hirachand Jain include:
– Section 379: Theft
– Section 465: Forgery
– Section 467: Forgery of valuable security, will, or authority to make/transfer valuable property
– Section 468: Forgery for the purpose of cheating
– Section 469: Forgery intended to harm reputation
– Section 471: Using a forged document as genuine
– Section 420: Cheating and dishonestly inducing delivery of property
– Section 120B: Criminal conspiracy
– Section 34: Acts done by several persons in furtherance of common intention
Jain is a businessman from Tejanagar, near Jain Mandir, Ratlam, Madhya Pradesh. According to police officials, he had been evading capture since the case was registered.
### Accused Tracked Through Intelligence
The police recently revived the search for Jain by scrutinizing old records and gathering intelligence from his relatives and acquaintances. Investigators learned that Jain occasionally visited Mira Road for business purposes.
Acting on this intelligence, the police set a trap and successfully apprehended him. Upon interrogation, Jain confirmed his identity as the wanted accused and was subsequently placed under formal arrest.
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https://www.freepressjournal.in/mumbai/mumbai-crime-police-arrest-50-yr-old-share-market-fraud-accused-absconding-for-21-years-from-mira-road
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