CBI files chargesheet against ponzi heads

The CBI, which is probing into the multi-crore chit fund scam, on Thursday filed the preliminary chargesheet against three former directors of a Kolkata-based firm which has swindled money of deposito

BHUBANESWAR: The CBI, which is probing into the multi-crore chit fund scam, on Thursday filed the preliminary chargesheet against three former directors of a Kolkata-based firm which has swindled money of depositors in Odisha and West Bengal. The three accused were charged under Sections 120-B, 409 and 420 of the IPC and Sections 4, 5 and 6 of Prize Chits and Money Circulation Schemes (Banning) Act.

The chargesheet was filed in the Court of Special CJM (CBI) here. It was alleged that the accused had fraudulently induced the public to invest money by promising high returns and advertising false and fabricated business prospects of the company, a CBI release stated. A case was registered against the firm by CBI in June, 2014 on the orders of the Supreme Court. The accused are currently in judicial custody.    

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