The Archive · 1928

Wholesale Arrests of Jute Gamblers

Alleged Market Ringing by Calcutta Merchants Calcutta, May 21.

'A hundred and sixteen marwaris, (native bankers and money-lenders), including rome of the wealthiest_members of the community, were arrested on the premises of the Bengal Jute Merchants and Brokers' Association and charged to-day with gambling in jute. They were subsequently. released on bail.

It is alleged that the Assoc induced people to speculate by cand selling non-existent bales of jate and fixing the rates according to this fictitious supply and demand—Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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