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A strange case has come to light in Ahmedabad. An ordinary rickshaw puller suddenly came on the radar of investigating agencies. The reason was his bank account. Investigation revealed that transactions worth more than Rs 300 crore took place from that account. Even the investigating officer was surprised to hear this. Because the person who had the account had very little income. He used to earn only Rs 10 to 12 thousand every month. Still, a game worth crores was going on in his account.

After all, who is Deep Odd?

The person whose name has come up in this case is Deep Odd. Deep earns his living by driving rickshaw in Ahmedabad. His life is said to be very simple. But investigation revealed that his bank account was being used for large scale money transactions. Deep told during interrogation that he had given his bank account on rent. In return he used to get some money. It was from here that the clue to this big game was found.

Why was the bank account given on rent?

According to the investigating agencies, Deep told that he had given his bank account to Karan Parmar to use by taking Rs 25 thousand. This account was given to a person named Karan Parmar. People also know Karan by the name of Lala. Deep used to get Rs 400 for signing every cheque. Using his documents, a firm named “Deep Enterprises” was also formed. On paper it was a trading company. But in reality it had no business.

Was a web of fake companies created?

The investigation also revealed that not just one company was formed. Two more companies named Kamlesh Trading and Ronak Traders were formed. These companies existed only on paper. They had no real business. Bank accounts were opened in the names of these companies. Crores of rupees were being circulated through these accounts. The entire network was working through Hawala.

How was the betting money going?

Investigating agencies say that this network is also to cricket betting. The money coming from online betting was deposited into these accounts. Then he was sent to different places. This money was also used in the stock market. Share prices were increased through circular trading. Some people got huge benefits from this.

Did the stock market also play?

During the investigation, another thing to the stock market came to light. It was told that the prices of shares of some companies were suddenly increased very rapidly. The share price of a company had increased by 10 thousand percent in 12 months. This is not considered normal market behavior. After this SEBI banned the trading of that share. Now a separate investigation into this entire matter is also going on.

What steps did the investigating agencies take?

This entire matter is being investigated by the Enforcement Directorate i.e. ED. ED has filed a complaint in Ahmedabad Crime Branch. Names of many people including Karan Parmar alias Lala have appeared in the complaint. These also include Mahadev, Jugal, Ravi and Varraj. The investigating agencies are now busy unraveling the layers of the entire network. It is believed that there may be more big revelations in this matter in the coming days.