Four People From Kolkata Are Detained By The CBI In Connection With A Chit Fund Scandal Of Rs 565 Billion

In conjunction with its investigation into a chit fund scam, the Central Bureau of Investigation has detained three additional people, including a former deputy registrar of companies in Kolkata, the agency said.

Two territorial managers and a founder director of a private company are among those detained, he claimed.

He said on September 27 that the CBI had taken over the probe in the case, which had been registered in the Balasore district of Odisha, and had been filed in 2014 in response to directions from the Supreme Court against the then-managing director of a private firm and others.

Subha Kumar Banerjee, a former deputy registrar of companies in Kolkata, Lakshman Srinivasan, a former founding director of a firm, and two other people, according to the agency, have all been taken into custody.

It is alleged that deposits worth Rs 565 crore were unlawfully obtained in Odisha by enticing people with huge yields while failing to repay the maturity money.

According to a statement, the four people detained had connections to the Ponzi scheme and had benefited financially.

It further claimed that the illicit deposit collection operations of Infinity Realcon Ltd. and its managing director Pranab Mukherjee were made possible by the then-deputy registrar of companies.

News Mania Desk