Overview
- The case began when his wife filed a missing-person report after he disappeared on June 12, and the family soon received ransom messages demanding Rs 50 lakh from his phone.
- Investigators used CCTV, mobile tracking and digital forensics to trace videos and locations across Gujarat and Madhya Pradesh before locating him at Shiv Hotel in Godhra.
- Police found and arrested him at the hotel on June 15, and officers say he confessed and demonstrated how he tied himself up and recorded the staged hostage videos.
- Authorities say the motive was heavy losses in high-risk call and put options trading, estimated at about Rs 50–60 lakh, and he has been booked under BNS sections for giving false information and fabricating evidence.
- The accused is in judicial custody and the Surat and Utran police continue their probe while the viral videos and the case’s use of multi-jurisdictional resources have drawn public attention to the risks of retail options trading.