Archive · 6 Sep 2026
Gujarat High Court Grants Bail in Stock Fraud Case
The Gujarat High Court gave bail to Meet Raval, who is accused in a stock market fraud case.
Prosecutors say he helped his brother run a fake call centre.
The centre allegedly used an app called Market Plus to promise people stock tips and high returns.
Investigators say money from victims moved through several bank accounts.
The prosecution and defence gave different figures about how much money was linked to Raval.
Some other accused people had already received bail.
The court said the investigation was finished and no more evidence needed to be collected from Raval.
It also said he is presumed innocent until proven guilty.
The trial may take time because the charges are to be tried by a magistrate.
The Gujarat High Court granted bail to cyber law expert Meet Raval, jailed since June 2025 in a stock market fraud case.
Prosecutors allege Raval helped his brother operate a fake call centre using the Market Plus application to target investors.
Investigators alleged that fraud proceeds were routed through Hub Brokerage and multiple bank accounts, with conflicting transaction figures cited in court.
The court noted that the investigation was complete, the chargesheet had been filed, and no further recovery was required from Raval.
Justice Hasmukh D Suthar also cited the presumption of innocence, the expected length of trial, and the prosecution’s contradictory positions across courts.
- Who
- Meet Raval, a cyber law expert accused in the case; his brother and several co-accused were also named in the proceedings.
- What
- The Gujarat High Court granted Raval bail in a case involving alleged cheating, criminal conspiracy, and a fake call centre targeting stock market investors.
- When
- The bail order was issued last week; Raval had been in judicial custody since June 2025.
- Where
- The case was registered at Vadnagar police station in Gujarat’s Mehsana district and heard by the Gujarat High Court.
- Why
- The court cited the completed investigation, filed chargesheet, lack of further recovery, the presumption of innocence, and inconsistent prosecution positions before different courts.
Defence position
Prosecution position
Raval’s alleged role
Defence position
Raval’s lawyer argued that he had been falsely implicated and that the investigation was complete, with nothing left to recover or discover.
Prosecution position
The prosecution alleged that Raval used his cyber law expertise to help his brother operate the call centre, lure victims, route fraud proceeds, and convert money into gold.
Amount linked to Raval
Defence position
The defence said the prosecution had incorrectly told the Sessions Court that Rs 1 crore had entered Raval’s accounts; it argued the actual amount was Rs 7 lakh across his Axis Bank and Bandhan Bank accounts.
Prosecution position
The prosecution maintained that more than Rs 1 crore had passed through Raval’s account and argued that his role was more serious than that of co-accused who received bail.
Basis for bail
Defence position
The defence pointed to Raval’s bail in other similar FIRs and to bail granted to co-accused, including people allegedly linked to larger amounts.
Prosecution position
The prosecution warned that Raval could reoffend or tamper with evidence if released and opposed bail.
- Accused
- Meet Raval
- Case allegations
- Cheating and criminal conspiracy linked to an alleged fake stock market call centre
- Application mentioned
- Market Plus
- Amount cited by prosecution
- Rs 5,49,30,330 was allegedly deposited into Hub Brokerage accounts by co-accused Maulik
- Other transaction figure
- The article says Rs 14.57 crore was allegedly deposited in the first transaction layer before being siphoned into other accounts
- Custody
- Raval had been in judicial custody since June 2025
- Court’s finding
- The investigation was complete, the chargesheet was filed, and no further recovery was required from Raval