The 50-year-old accused is a resident of Ratlam in Madhya Pradesh and was picked up from the Mira Road area recently. According to the police, a first information report (FIR) had been registered against Jain in 2004 at NM Joshi Marg Police Station under multiple sections of the Indian Penal Code
Police received intelligence that Santosh Hirachand Jain was occasionally visiting Mira Road for business.
n a significant breakthrough, the NM Joshi Marg Police in South Mumbai have arrested a man who had been absconding for 21 years in connection with a share fraud case. The 50-year-old accused, identified as Santosh Hirachand Jain is a resident of Ratlam in Madhya Pradesh and was picked up from the Mira Road area recently.
According to the police, a first information report (FIR) had been registered against Jain in 2004 at NM Joshi Marg Police Station under multiple sections of the Indian Penal Code, including sections 379 (theft), 420 (cheating), 465, 467, 468, 469, 471 (all related to forgery), 120(B) (criminal conspiracy), and 34 (common intent).
Despite sustained efforts at the time, Jain had managed to evade arrest for over 21 years. He remained underground, giving the police a slip for more than two decades.
Recently, taking cognisance of the pending case, officials reopened the investigation. The team began by reviewing old case records and discreetly tracking down Jain’s relatives and former associates.
During the process, officers received intelligence that Jain was occasionally visiting Mira Road area near Mumbai for business purposes.
Acting on this tip-off, a special team led by Assistant Inspector Somnath Deshmane laid a trap and tracked Jain. He was detained and during interrogation, Jain was identified as the same person wanted in the 2004 case.
Following confirmation of his identity, he was placed under formal arrest and brought to NM Joshi Marg Police Station for further legal proceedings.
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