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Wednesday, September 28, 2022
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CBI files supplementary charge sheet in Chit Fund Scam case

The investors of Nagaon Branch and other branches operating in Assam were cheated through non-refund of their investment and the amount was misappropriated by the accused including Directors of the companies.

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Imphal: The Central Bureau of Investigation has filed a supplementary charge sheet in a case related to Chit Fund Scam before the Special Judicial Magistrate, Guwahati (Assam) against the four accused including Directors/officials of Group of private Companies based at Kolkata (with branch office at Nagaon and other parts of Assam) and others, as per a press release issued by the spokesperson of CBI.

CBI had registered the case on August 22, 2015. The investigation revealed that the accused had allegedly collected large public funds amounting to Rs. 9,39,36,350/- (approx.) till 2013 in the form of deposits by issuing certificates ‘product registration letter’/ ‘Secured Redeemable Debentures’ to a large number of investors.

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 The investors of Nagaon Branch and other branches operating in Assam were cheated through non-refund of their investment and the amount was misappropriated by the accused including Directors of the companies. Earlier, a charge sheet was filed on October 10, 2018 and the case was under further investigation, the release added.

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