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26k phones worth 62cr stolen on city rail network in 30 months

26k phones worth 62cr stolen on city rail network in 30 months

Time of India6 days ago
Mumbai: Over 26,000 cellphones collectively valued at Rs 62 crore were stolen from train passengers in Mumbai in two and a half years, between Jan 2023 and May 2025. GRP data shows that around 45% of the cases were solved (11,853) and phones worth Rs 20 crore were recovered in this period.
Last month, after GRP commissioner Rakesh Kalasagar took charge, the department cranked up its efforts and recovered 500 stolen handsets. These phones will be returned to their owners at an event on Friday.
Police keep tracking stolen phones for months afterwards. A special cyber cell has been set up at the GRP commissionerate to assist police stations with the task. "Whenever the buyer of a stolen phone that has been refurbished begins to use it, we search for his location and retrieve the phone," said an officer.
There have been instances where refurbished phones sold in Mumbai turn up in Jharkhand, Bihar or Rajasthan.
GRP teams have travelled all over the country to retrieve stolen phones. Buyers have also been booked in cases where they have knowingly purchased stolen phones.
From drug addicts to organised gangs, investigators have apprehended a range of offenders over the years. Lately, a former health sciences student was nabbed by the GRP's crime branch with 21 stolen phones.
Tufail Memon, 25, had dropped out after his first year. Police said he was hooked to online gaming and the need for funds drove him to crime.
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In a separate case, the GRP arrested a member of an inter-state gang of thieves that stole phones on the railways and also struck at crowded events like Ganga Aarti in Varanasi and Jagannath Yatra in Odisha to relieve visitors of their handsets. "The gang would segregate their loot into high-end phones and middle or low range ones.
The high-end phones were sent abroad for sale, while the rest were sold locally to 'receivers'.
These men could either take apart the spare parts or refurbish the phones for resale within India," said a police officer.
Data with the GRP shows that phone thefts dipped slightly from 12,159 cases in 2023 to 10,981 in 2024. The detection rate has been somewhat the same-- 44% to 45%.
"In some instances, individuals from low-income groups purchase refurbished phones from big metros and carry them to their hometowns or gift them to a family member in their hometown for use," the officer said. "Our advice would be to always buy a phone which comes in a sealed box and ask for a receipt."
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Securities and Exchange Board of India (Sebi) on Monday passed a confirmatory order against Gensol Engineering and its promoter-directors Anmol Singh Jaggi and Puneet Singh Jaggi upholding the April order that had prima facie found them indulging in fund diversion and falsifications of documents. In a 33-page order, the regulator noted that the company and Jaggi brothers failed to effectively rebut the findings of the April 15 interim order regarding falsification of Conduct Letters and diversion/ mis-utilisation of funds by the listed solar EPC and EV leasing firm. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Public Policy Leadership Healthcare Digital Marketing MBA Data Science Product Management Management Operations Management Design Thinking Cybersecurity others Degree Project Management Data Science Technology PGDM Others Data Analytics CXO Finance Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details "I find that the chaprima facie findings regarding diversion / mis-utilization of funds of Gensol have not been successfully rebutted by Noticees. I also note that a detailed investigation in this matter is being carried out. Further, a forensic auditor has already been appointed to examine the books of accounts of Gensol and its related parties. The concrete findings of the investigation and the forensic auditor are yet to emerge. As has been submitted by Noticees themselves, the findings of the forensic audit will serve to corroborate the factual position and provide greater clarity on the matters under scrutiny," the order said. Sebi rejected the arguments put forward by the brothers who challenged the order saying that it was not warranted. The investigation began in June 2024 following a complaint alleging price manipulation and fund misuse. Sebi's probe revealed that Gensol submitted fake Conduct Letters to credit rating agencies ICRA and CARE Ratings , purportedly issued by lenders IREDA and PFC, to conceal debt servicing defaults. These letters were later disowned by the lenders. Live Events A major concern highlighted by Sebi was the diversion of funds from term loans amounting to Rs 977.75 crore, mostly meant for the purchase of 6,400 electric vehicles (EVs). Gensol claimed it procured 4,704 EVs, costing Rs 567.73 crore, yet transferred Rs 775 crore to Go-Auto—the alleged supplier—leaving over Rs 207 crore unaccounted. The trail of funds, according to Sebi, showed that money sent to Go-Auto was routed back to Gensol and then allegedly diverted to entities controlled by the Jaggi family. Notably, part of the funds was used to purchase luxury real estate, including an apartment in DLF's premium Camellias project, and for personal expenses such as foreign currency purchases and luxury goods. Additionally, Sebi noted that Gensol misled the public by announcing pre-orders for 30,000 EVs that were in fact non-binding MoUs, and its Pune-based EV manufacturing facility showed no active production during inspections. The regulator has confirmed restrictions placed on the company and its promoters from accessing the securities market. It has also directed a forensic audit of Gensol and related entities. Sebi's findings suggest serious breaches of the SEBI Act, 1992, PFUTP Regulations, and LODR norms, including misuse of shareholder funds and inadequate disclosures on related party transactions. The matter remains under further investigation.

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