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CBI registers fresh cases in chit fund scam

CBI registers fresh cases in chit fund scam


NEW DELHI: CBI today registered five new cases against as many non-Saradha companies based in West Bengal in connection with its probe into the multi-crore chit fund scam in which thousands of gullible investors allegedly lost their deposits.


 


The agency registered cases against Angel Group of Companies, PAFL Industries Ltd, Royal International Trading, Win Realcon Ltd and ASSDA Agro Projects Ltd in pursuance of the Supreme Court order this year in May, CBI sources said.


 


They said cases have been registered against Managing Directors and Directors of these companies on allegations of criminal breach of trust, cheating, criminal conspiracy and violation of Prize Chits and Money Circulation Scheme (Banning) Act.

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  • 15 November, 2014
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