Mumbai Angadia Operator Arrested in ₹2.79 Crore Fraud Case, Probe Examines Alleged Underworld Threats
Mumbai: The Mumbai Crime Branch’s Anti-Extortion Cell (AEC) has arrested a 50-year-old angadia operator in connection with an alleged ₹2.79 crore fraud involving gold traders and claims of threats linked to the underworld.
The accused, Rakesh Mandaliya, a resident of Borivali, was taken into custody on June 4 and has been remanded to police custody until June 10. Investigators allege that he collected payments from customers on behalf of a gold trader but failed to transfer the money to its intended destination.
According to police, the case originated from a complaint filed by an Indore-based gold and silver trader. The trader had purchased gold from a Mumbai-based firm and sold it to customers, who were instructed to deposit payments through Mandaliya, who was associated with a Bhuleshwar-based angadia service.
Authorities claim that between January 22 and January 28, customers deposited approximately ₹2.79 crore with Mandaliya. When the trader later sought the transfer of funds, Mandaliya allegedly cited tax-related issues and eventually stopped responding.
The complaint further alleges that Mandaliya’s family members warned the trader against pursuing repayment and referenced links to the D-Company. The trader also reported receiving threatening WhatsApp calls from a Dubai-based number, with the caller allegedly demanding money and warning him against approaching the police.
The case was initially registered at Sir JJ Marg Police Station before being transferred to the Anti-Extortion Cell for a detailed investigation.
Police are now examining the financial trail, the whereabouts of the missing funds, and the alleged connection between the accused and the person who made the threatening calls. Investigators are also looking into the suspected underworld angle as part of the ongoing probe.
Officials have stated that further action will depend on evidence gathered during the investigation, which remains underway.
Mumbai: The Mumbai Crime Branch’s Anti-Extortion Cell (AEC) has arrested a 50-year-old angadia operator in connection with an alleged ₹2.79 crore fraud involving gold traders and claims of threats linked to the underworld.
The accused, Rakesh Mandaliya, a resident of Borivali, was taken into custody on June 4 and has been remanded to police custody until June 10. Investigators allege that he collected payments from customers on behalf of a gold trader but failed to transfer the money to its intended destination.
According to police, the case originated from a complaint filed by an Indore-based gold and silver trader. The trader had purchased gold from a Mumbai-based firm and sold it to customers, who were instructed to deposit payments through Mandaliya, who was associated with a Bhuleshwar-based angadia service.
Authorities claim that between January 22 and January 28, customers deposited approximately ₹2.79 crore with Mandaliya. When the trader later sought the transfer of funds, Mandaliya allegedly cited tax-related issues and eventually stopped responding.
The complaint further alleges that Mandaliya’s family members warned the trader against pursuing repayment and referenced links to the D-Company. The trader also reported receiving threatening WhatsApp calls from a Dubai-based number, with the caller allegedly demanding money and warning him against approaching the police.
The case was initially registered at Sir JJ Marg Police Station before being transferred to the Anti-Extortion Cell for a detailed investigation.
Police are now examining the financial trail, the whereabouts of the missing funds, and the alleged connection between the accused and the person who made the threatening calls. Investigators are also looking into the suspected underworld angle as part of the ongoing probe.
Officials have stated that further action will depend on evidence gathered during the investigation, which remains underway.
