{"id":7591,"date":"2026-08-01T13:38:21","date_gmt":"2026-08-01T13:38:21","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=7591"},"modified":"2026-08-01T13:38:21","modified_gmt":"2026-08-01T13:38:21","slug":"rs-32-crore-boardroom-feud-contract-killers-how-chairman-plotted-managing-directors-murder-mumbai-news","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=7591","title":{"rendered":"Rs 32 crore, boardroom feud, contract killers: How chairman plotted managing director\u2019s murder | Mumbai News"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-132790375,imgsize-592677,width-400,height-225,resizemode-75\/a-financial-dispute-over-thirty-two-crore-rupees-allegedly-led-to-a-murder-conspiracy-gsm-foils-chairman-sagar-bhanusali-is-accused-of-hiring-contract-killers-to-eliminate-his-mananging-director.jpg\" alt=\"Rs 32 crore, boardroom feud, contract killers: How chairman plotted managing director\u2019s murder\" title=\"A financial dispute over thirty-two crore rupees allegedly led to a murder conspiracy, GSM Foils chairman Sagar Bhanusali is accused of hiring contract killers to eliminate his mananging director\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"A financial dispute over thirty-two crore rupees allegedly led to a murder conspiracy, GSM Foils chairman Sagar Bhanusali is accused of hiring contract killers to eliminate his mananging director\">A financial dispute over thirty-two crore rupees allegedly led to a murder conspiracy, GSM Foils chairman Sagar Bhanusali is accused of hiring contract killers to eliminate his mananging director<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>VASAI: A financial dispute over Rs 32 crore allegedly turned into a murder conspiracy, with GSM Foils chairman Sagar Bhanusali accused of plotting the killing of the company\u2019s managing director Mohansingh Parmar (46) to avoid repayment and regain complete control of the firm, police said.<span class=\"id-r-component br\" data-pos=\"2\"\/>According to investigators, Bhanusali allegedly hired contract killers to carry out the attack after he failed to clear the amount he owed to Parmar following the sale of his stake in GSM Foils.<span class=\"id-r-component br\" data-pos=\"4\"\/><span class=\"strong\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">How the alleged conspiracy began<\/span><span class=\"id-r-component br\" data-pos=\"6\"\/>Police said the dispute began after Bhanusali allegedly convinced Parmar to purchase his stake in the company. Parmar reportedly paid nearly Rs 32 crore for the stake, but Bhanusali allegedly failed to repay the amount.<span class=\"id-r-component br\" data-pos=\"10\"\/>Investigators suspect that instead of settling the financial liability, Bhanusali allegedly decided to eliminate Parmar and take complete control of the company.<span class=\"id-r-component br\" data-pos=\"12\"\/>The alleged conspiracy reportedly took shape when Bhanusali came under severe financial pressure following losses in the stock market.<span class=\"id-r-component br\" data-pos=\"14\"\/><span class=\"strong\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">Financial losses allegedly pushed chairman into debt<\/span><span class=\"id-r-component br\" data-pos=\"16\"\/>According to police, Bhanusali had invested heavily in international stock markets and suffered major losses after a decline in the US market following the Iran-Israel conflict.<span class=\"id-r-component br\" data-pos=\"19\"\/>The losses allegedly left him burdened with debts running into crores. Investigators believe the financial crisis became a key reason behind the alleged plan to kill Parmar, as Bhanusali wanted to escape repayment of Rs 32 crore and retain control of GSM Foils.<span class=\"id-r-component br\" data-pos=\"21\"\/><span class=\"strong\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">Alleged contract killing plan<\/span><span class=\"id-r-component br\" data-pos=\"23\"\/>Police alleged that Bhanusali then planned a contract killing and brought in people to execute the attack on Parmar.<span class=\"id-r-component br\" data-pos=\"25\"\/>Investigators said around Rs 30 lakh was allegedly fixed for the murder plan, with an advance payment of Rs 5 lakh allegedly made.<span class=\"id-r-component br\" data-pos=\"28\"\/>Police said several people were allegedly involved in different roles, including arranging the firearm, carrying out surveillance on Parmar\u2019s movements and helping the attackers escape after the shooting.<span class=\"id-r-component br\" data-pos=\"30\"\/><span class=\"strong\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">Attack inside GSM Foils premises<\/span><span class=\"id-r-component br\" data-pos=\"32\"\/>The alleged plan was executed on July 24 at GSM Foils\u2019 premises in Diamond Industrial Estate, Navjeevan, Vasai East.<span class=\"id-r-component br\" data-pos=\"34\"\/>According to police, two motorcycle-borne assailants intercepted Parmar and opened fire at him.<span class=\"id-r-component br\" data-pos=\"37\"\/>The first bullet hit Parmar on his shoulder, while the second shot allegedly failed after the pistol jammed. The attacker then allegedly hit Parmar with the butt of the weapon before fleeing from the spot.<span class=\"id-r-component br\" data-pos=\"39\"\/>Parmar was immediately taken for medical treatment. Police said his condition is stable and improving.<span class=\"id-r-component br\" data-pos=\"41\"\/><span class=\"strong\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">How police cracked the alleged murder conspiracy<\/span><span class=\"id-r-component br\" data-pos=\"43\"\/>During the investigation, Waliv police allegedly identified Bhanusali as the mastermind behind the attack.<span class=\"id-r-component br\" data-pos=\"46\"\/>Using technical intelligence and local inputs, police traced him to Uttar Pradesh and arrested him with the assistance of the Uttar Pradesh Police Special Task Force.<span class=\"id-r-component br\" data-pos=\"48\"\/>Six other accused allegedly involved in the conspiracy were later arrested from different locations.<span class=\"id-r-component br\" data-pos=\"51\"\/><span class=\"strong\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">Seven accused arrested<\/span><span class=\"id-r-component br\" data-pos=\"53\"\/>The arrested accused include Sujit Devendrabhai Pandey, who police identified as the alleged shooter.<span class=\"id-r-component br\" data-pos=\"55\"\/>Other accused include Manoj Mulchand Thathera, who allegedly arranged the illegal firearm from Uttar Pradesh; Gokul Omprakash Gautam, who allegedly helped procure the weapon; Anup Virendra Prajapati, who allegedly conducted reconnaissance, rode the motorcycle, helped the shooter escape and attempted to destroy evidence; and Vijaykumar Prajapat Vishwakarma, who allegedly arranged the vehicle and the shooter.<span class=\"id-r-component br\" data-pos=\"58\"\/><span class=\"strong\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">Probe into possible larger conspiracy<\/span><span class=\"id-r-component br\" data-pos=\"60\"\/>Police said the source of the pistol used in the attack is yet to be traced.<span class=\"id-r-component br\" data-pos=\"62\"\/>Investigators are examining scientific, technical, digital, financial and forensic evidence to determine whether the alleged conspiracy has links to any larger financial, commercial or organised crime network.<span class=\"id-r-component br\" data-pos=\"64\"\/>The investigation is ongoing.<span class=\"id-r-component br\" data-pos=\"66\"\/><span class=\"strong\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">GSM Foils operations continue<\/span><span class=\"id-r-component br\" data-pos=\"68\"\/>GSM Foils, which manufactures blister foils and aluminium pharma foils for the pharmaceutical industry, informed the National Stock Exchange (NSE) that the incident took place in the Naikpada area under Waliv police station limits.<span class=\"id-r-component br\" data-pos=\"70\"\/>The company said its manufacturing units in Vasai and Ahmedabad continue to operate normally.<span class=\"id-r-component br\" data-pos=\"72\"\/>The company\u2019s shares on the NSE closed at the 20% lower circuit at Rs 192 on Friday.<span class=\"id-r-component br\" data-pos=\"74\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/city\/mumbai\/rs-32-crore-boardroom-feud-contract-killers-how-chairman-plotted-managing-directors-murder\/articleshow\/132789305.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A financial dispute over thirty-two crore rupees allegedly led to a murder conspiracy, GSM Foils chairman Sagar Bhanusali is accused of hiring contract killers to eliminate his mananging director VASAI: A financial dispute over Rs 32 crore allegedly turned into a murder conspiracy, with GSM Foils chairman Sagar Bhanusali accused of plotting the killing of 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