Man Remanded for Alleged Role in Share Trading & SIM Card Racket

Hafiz Ahmed, held by Thane police for alleged involvement in a share trading and SIM card racket, has been remanded in judicial custody. Accused of supplying SIM cards abroad for fraudulent activities, Ahmed's remand followed court proceedings. His counsel argued police custody was unnecessary. Two others are already in custody.

Hafiz Ahmed, accused in a share trading and SIM card racket, has been remanded in judicial custody by the Thane police's Economic Offences Wing. Ahmed was arrested on July 15 and appeared before First Class Judicial Magistrate BS Pal after his police remand ended.

Ahmed is alleged to have supplied SIM cards to Dubai and other international locations for fraudulent share trading activities. Despite arguments from Ahmed's counsel, Sunil Bhatia, asserting that police custody was not necessary, Judge Pal ruled for judicial custody.

Earlier, two other accused in the same case were also remanded in judicial custody.

(With inputs from agencies.)