National · 4 updates
Waliv police arrested seven individuals, including the alleged mastermind, in an attempted murder case. The chairman of GSM Foils plotted to kill the managing director to evade repaying thirty-two crore rupees. He suffered significant financial losses after the US stock market crashed following the Iran-Israel conflict. The attack occurred at the company's premises, and the victim sustained a gunshot wound.
Maharashtra-based manufacturer GSM Foils on Friday announced that its Managing Director Mohansingh Parmar has been injured in a firing incident and police took one of its whole time directors in custody. In an exchange filing, GSM Foils said the firing incident took place in the Naikpada area in Vasai-Virar, located near Mumbai. After getting injured in the incident, the company said that Parmar received prompt medical attention and is presently under proper medical care. His health condition was reported to be stable and improving.Sagar Bhanushali, a whole time director of the company, was th
GSM Foils MD Mohansingh Parmar (L). Alleged shooters Sujeet Pandey and Manoj Thathera
A financial dispute over thirty-two crore rupees allegedly led to a murder conspiracy. GSM Foils chairman Sagar Bhanusali is accused of hiring contract killers to eliminate his partner. He allegedly failed to repay the large sum owed after selling his company stake. Financial losses in stock markets reportedly pushed the chairman into debt. Police arrested seven individuals, including the alleged shooter, in connection with the plot.