CBI spokesperson said that it was alleged in the case that the accused had started its business of collecting money from the public illegally through various agents under the cover schemes.
Cyber scamsters have a brand new scheme with which to trick gullible netizens: callers offer to help with the deposit of income tax refund into taxpayers’ accounts.
Supplementary chargesheet filed in multi-thousands-crore financial fraud case at Delhi CBI special court
CBI officials said Rs. 60,000 crores from around 5.5 crore investors were allegedly collected from across the country operating different bogus and illegal investment schemes.
The beneficiaries, who went by the name of Vijayan and Jayakumar, were found to be receiving Rs 50 lakhs and Rs 20 lakhs respectively to their current accounts.
He told investors that they would be made partners in his business. Jithin reportedly started his business by 2017. Later he began inviting people to invest in his firm.
Biswanath Podiami made fake deposits against some of the depositors and then withdrew money in their favour without their knowledge..