It is alleged that deposits worth Rs 565 crore were illegally obtained in Odisha by luring people in with high returns while failing to repay the maturity amount in a chit fund case. According to an agency official, the Central Bureau of Investigation has arrested a former deputy registrar of companies in Kolkata and three others in connection with its investigation.
He claims that among those arrested are a founding director and two territory managers for private companies.
According to him, the CBI registered the case in 2014 in response to Supreme Court orders against the then-managing director of a private company and others and took over the investigation in the matter, which was registered in Odisha’s Balasore district.
Chit fund case :
Subha Kumar Banerjee, then-deputy registrar of companies in Kolkata, Lakshman Srinivasan, then-founding director of a company, and two others were arrested, according to the agency.
Deposits totaling Rs 565 crore are said to have been illegally collected in Odisha by luring people with promises of high returns, but the maturity amount was not repaid.
According to a statement, the four arrested were involved in the Ponzi scheme and received financial benefits.
According to the complaint, the then-deputy registrar of companies allegedly facilitated Infinity Realcon Ltd and its managing director Pranab Mukherjee’s illegal deposit collection business.
According to an agency official, the Central Bureau of Investigation has arrested a former deputy registrar of companies in Kolkata and three others in connection with its investigation into a chit fund scam. He claims that among those arrested are a founding director and two territory managers for private companies.
According to him, the CBI registered the case in 2014 in response to Supreme Court orders against the then-managing director of a private company and others and took over the investigation in the matter, which was registered in Odisha’s Balasore district.
Subha Kumar Banerjee, then-deputy registrar of companies in Kolkata, Lakshman Srinivasan, then-founding director of a company, and two others were arrested, according to the agency.
Deposits totaling Rs 565 crore are said to have been illegally collected in Odisha by luring people with promises of high returns, but the maturity amount was not repaid.
According to a statement, the four arrested were involved in the Ponzi scheme and received financial benefits.
According to an agency official, the Central Bureau of Investigation has arrested a former deputy registrar of companies in Kolkata and three others in connection with its investigation into a chit fund scam. He claims that among those arrested are a founding director and two territory managers for private companies.
According to him, the CBI registered the case in 2014 in response to Supreme Court orders against the then-managing director of a private company and others and took over the investigation in the matter, which was registered in Odisha’s Balasore district.
Subha Kumar Banerjee, then-deputy registrar of companies in Kolkata, Lakshman Srinivasan, then-founding director of a company, and two others were arrested, according to the agency.
Deposits totaling Rs 565 crore are said to have been illegally collected in Odisha by luring people with promises of high returns, but the maturity amount was not repaid.
According to a statement, the four arrested were involved in the Ponzi scheme and received financial benefits.
According to the complaint, the then-deputy registrar of companies allegedly facilitated Infinity Realcon Ltd and its managing director Pranab Mukherjee’s illegal deposit collection business.
