BSE building blow-up threat: Stockbroker in police custody | mumbai | Hindustan Times
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BSE building blow-up threat: Stockbroker in police custody

The Esplanade court on Tuesday remanded stockbroker Mhatesh Kardalli from Karnataka to police custody until January 28.

mumbai Updated: Jan 26, 2011 01:52 IST
HT Correspondent

The Esplanade court on Tuesday remanded stockbroker Mhatesh Kardalli from Karnataka to police custody until January 28.

Kardalli had allegedly sent emails threatening to blow up the Bombay Stock Exchange (BSE) to recover his losses after the market crashed.

According to the prosecution, Kardalli, 23, had allegedly sent 10 emails in a span of six hours on January 22, threatening of blasts between January 24 and 27.

The emails had been sent to the corporate email address of the BSE and on the official email address of complainant Jeevan Noronha, deputy manager, BSE Corporate Service department.

Kardalli had sent the emails between 8.47am and 2.57pm on January 22 to both the email addresses from an email address he created on a previous day.

Kardalli, who used to work with Karvy Stock Broking firm at Gulbarga, had used a data card, which has been registered in his own name.

The ATS has seized a Compaq laptop and the Reliance data card, which was used for sending the card.

The prosecution sought Kardalli’s custody stating the offence was of serious nature and custodial interrogation was necessary.

Besides, they also sought to find if Kardalli had any accomplices, the total number of emails sent by him to the complainant and others, his knowledge about share trading and the report of the forensic laboratory on the hard disk seized from his laptop.

Kardalli suffered losses to the tune of Rs2 lakh in the last market crash that occurred a few days back. He intended to bring down the Sensex so that he could recover his losses, the police said.