SEBI Raids Gujarat IPS Officer Ravindra Patel’s residence in Sabarkantha

A raid conducted by the Securities and Exchange Board of India (SEBI) at the residence of IPS officer Ravindra Patel in Sabarkantha has sparked widespread discussion.

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While SEBI has not made any official statement regarding the operation, sources confirm that a special investigative team conducted a search at Patel’s house in Rodhra village, KhedBrahma, on March 20, 2025.

Along with Patel’s residence, SEBI officials also questioned his brother-in-law, who resides in Galodia village.

The all-day operation drew attention across the police force and the region, fueling speculation about Patel’s alleged involvement in a stock market manipulation case.

Reports suggest that IPS officer Ravindra Dahyabhai Patel has agreed to pay penalties of ₹1.90 crore and ₹72.80 lakh as part of a settlement with SEBI.

Additionally, he has undertaken not to engage in trading shares of Sadhana Broadcast Company for six months.

Despite the serious allegations, SEBI and investigative agencies have yet to release an official statement on the matter. However, the raid has created significant buzz and uncertainty within Gujarat’s law enforcement community.