CBI raids in Maharashtra, Odisha over chit fund scam

New Delhi, Dec 29 (IANS) The CBI on Tuesday conducted searches at 58 locations of Samruddha Jeewan Group of companies across Maharashtra and Odisha in its ongoing probe in the multi-crore chit fund scam, an official said.

The agency carried out the searches at the office premises of the Pune-based private firm and its sister companies.

The residential premises of alleged accused and suspected directors are also being searched, a Central Bureau of Investigation (CBI) official said.

The raids are being conducted following two cases registered by the agency against Samruddha Group on charges of criminal conspiracy, fraudulent, criminal breach of trust, and sections of the Prevention of Corruption Act.

“Searches are being conducted at 58 locations in Maharashtra and Odisha against Samruddha Jeewan Group of companies in connection with two alleged chit fund cases,” the official said.

“This is one of the chit fund companies that had allegedly collected money from common man without having any valid legal authority,” the official said.

The official said the raids are being conducted at 58 locations in Pune, Nasik, Aurangabad, Solapur and Odisha.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here