India, Sept. 30 -- The special court on Monday rejected the bail pleas of a father-son duo of bullion traders who had allegedly cheated a city businessman of 36.37 kg of gold and Rs.10.51 crore cash.

In August 2025, a partner of FIVE Bullions, a bullion trading company in Zaveri Bazar, filed a complaint that Ladulal Kanther, 55, his son, Pallav Kanther, 26, and his nephew, Shubhan Kanther, had duped him and his family of nearly Rs.43 crore through illegal dabba trading. The Securities Exchange Board of India defines dabba trading as an illegal and unregulated form of trading in securities where trades are settled internally by operators outside the purview of stock exchanges and regulatory bodies. Following their complaint, the father-so...