Mumbai, Apr 20: Industrialist Gautam Adani met Nationalist Congress Party (NCP) president Sharad Pawar at the latter's residence here on Thursday amid the Opposition's demand for a Joint Parliamentary Committee (JPC) probe into the Adani-Hindenburg issue.

The meeting, held at Pawar's residence Silver Oak in south Mumbai this morning, lasted for nearly two hours, sources said.

Earlier this month, Pawar had come out in support of the Adani group and criticised the narrative around the US short seller Hindenburg Research's report on the conglomerate.

Taking a position at variance from senior ally Congress, Pawar had said he favoured a Supreme Court committee to probe allegations against the Adani group since the ruling Bharatiya Janata Party (BJP) would have a majority in the JPC based on numerical strength in Parliament and this would lead to doubts on such a probe.

The NCP supremo had later said although his outfit does not agree with the demand of anti-BJP parties for a JPC probe into allegations against the Adani group, it will not go against their stand for the sake of Opposition unity.

The Supreme Court had last month ordered the setting up of a six-member committee headed by a former apex court judge to look into various regulatory aspects for stock markets, including the recent Adani group shares crash triggered by Hindenburg Research's fraud allegations.

The Hindenburg Research has made a litany of allegations, including fraudulent transactions and share-price manipulation, against the business conglomerate. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.

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New Delhi (PTI): Police here have busted a crime syndicate involved in traffic fraud and extortion, arresting three people including the alleged mastermind who sold fake stickers to help commercial vehicles bypass no-entry restrictions, an official said on Saturday.

The police said they dismantled a third organised syndicate linked to traffic-related frauds, with the arrest of Rinku Rana alias Bhushan, his associate Sonu Sharma and Mukesh Kumar alias Pakodi, who was also connected to another extortion syndicate.

According to the police, Rinku Rana was running a well-organised network that facilitated the movement of commercial goods vehicles during restricted hours by selling fake 'marka' or stickers for Rs 2,000 to Rs 5,000 per vehicle every month. The stickers were falsely projected as authorisation to evade traffic challans.

During raids, the police recovered Rs 31 lakh in cash, property documents worth several crores of rupees, over 500 fake stickers and six mobile phones allegedly used to operate the syndicate.

The crackdown followed a complaint filed by a traffic police officer in April this year after a commercial vehicle tried to evade checking by producing a fake sticker claiming exemption from enforcement action.

Investigation revealed that social media groups were being used to coordinate the illegal movement of vehicles and alert drivers about traffic police checkpoints, police said.

"A parallel system was being run to cheat drivers and vehicle owners while undermining traffic enforcement. On the basis of evidence, provisions related to organised crime under the BNS were invoked," a senior police officer said.

Sonu Sharma, the police said, managed social media groups through which stickers were sold and real-time alerts were circulated regarding traffic police movement. He also acted as a link between Rana and drivers operating in the field.

In a related development, Mukesh Kumar alias Pakodi, an associate of Rajkumar alias Raju Meena, who was earlier arrested under the Maharashtra Control of Organised Crime Act (MCOCA), was also apprehended.

Mukesh allegedly helped extort money from transporters and was involved in blackmailing traffic police personnel by recording enforcement actions, the police said.

Investigators alleged the syndicate led by Rajkumar deployed drivers to deliberately violate traffic rules and secretly record police officials during challans, later using manipulated videos to extort money under threat of false allegations.

The police said that in total, eight accused belonging to three different organised crime syndicates linked to traffic frauds and extortion have been arrested so far.

Further investigation is underway to trace the remaining members, conduct financial probes, and analyse digital evidence recovered during the raids, officials added.