CBI files chargesheet against 13 in Guwahati chit fund scam of Rs 238 crore
India Today
It is alleged that the accused collected a huge amount of money from people with an assurance to pay back with lucrative interest without any guarantor and permission of RBI/SEBI.
The Central Bureau of Investigation (CBI) has filed a charge sheet in the Court of Special Judicial Magistrate, Kamrup, Guwahati, Assam against 13 accused including, MD, Director of a private company, among others in a chit fund related case.
The CBI had registered a case on the orders dated May 9, 2014 of the Hon’ble Supreme Court of India and taken over investigation of the chit fund case which was earlier registered by Assam Police against private Group of Companies and others including Managing Directors, GM, Manager, private companies based at Guwahati and head office at Kolkata.
It was alleged that the accused had started the business of collecting money from the public illegally through various agents under cover schemes, claiming to be for product booking. He then collected a huge amount of money from people with an assurance to pay back with lucrative interest without any guarantor and permission of RBI/SEBI.
It was further alleged that none of the customers received any products against their money and the scheme was planned to cheat the public money to the tune of approx Rs. 238 crore.
The accused have been identified as Biswapriya Giri, MD, Sachindra Nath Bhattacharya, Director, M/s URO Agro India Limited, M/s URO Infra Reality India Limited. M/s URO Walkers Ltd, M/s URO Hygienic Foods Limited. M/s URO Lifecare Ltd, M/s URO Autotech Ltd, M/s URO Trexim Ltd, M/s URO Hotels and Resorts India Ltd, M/s URO Infotech Limited, M/s URO Enclave India Ltd and Sushil Kumar Sharma, CA.
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