The Central Bureau of Investigation has today conducted searches at 20 different places in West Bengal including Kolkata at the official as well as residential premises of the accused persons in an on-going investigation of a chit fund case. During the searches, several incriminating documents have been recovered.
A case was registered U/s 120-B, 420, 406 of IPC against a CMD and others including Directors of Kolkata based Group of Companies in accordance with the Orders of the Honourable Supreme Court. It was alleged that the accused persons collected huge amount of deposit from the public to the tune of Rs.Three crore (approx.) on assurance to repay the amount with high rate of interest. It was further alleged that the accused persons did not repay and closed down the office and thereby cheated the investors & misappropriated the invested amount.