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335 cr Chit fund fraud case: CBI files chargesheet against four
The Central Bureau of Investigation (CBI) on Wednesday filed a chargesheet against Chairman of a private company and three others in a Rs. 335 Crore (approx) chit fund fraud case.
South 24 Parganas (West Bengal) : The Central Bureau of Investigation (CBI) on Wednesday filed a chargesheet against Chairman of a private company and three others in a Rs. 335 Crore (approx) chit fund fraud case.
The chargesheet was filed before the Additional Chief Judicial Magistrate (ACJM) Baruipur of South 24 Parganas in West Bengal.
It was alleged that the directors of private company had collected money from the investors under its investment schemes by fraudulently promising very high returns and later closed its operations, without repaying the promised amount (approx Rs.335 Cr), thus cheating the investors.
A case was registered in CBI on November 14, 2014 on the orders dated May 9, 2014 of the Supreme Court passed in writ petition No. 401 of 2013 against the Private Company based at Kolkata and its Directors U/s 406 & 420 of IPC.
Further investigation in the case is kept open for larger conspiracy and money trail.
