CBI registers FIR against five non-Saradha companies
Extending the ambit of probe against multi-level marketing companies, who have illegally raised money from depositors, the Central Bureau of Investigation on Friday lodged an FIR against five non-Saradha companies.
“In pursuance of a Supreme Court order dated May 9, 2014, cases have been registered against the MDs and directors of Angel Group of Companies, PAFL Industries Ltd., Royal International Trading, Win Realcon Ltd. and ASSDA Agro Projects Ltd.
Allegations of criminal breach of trust, cheating, criminal conspiracy and violation of Prize Chits Money Circulation Scheme (Banning) Act have been brought out against the officials of these companies,” a senior CBI official told The Hindu .
In September, FIRs were lodged against two more non-Saradha companies MPS Greenery Developers Ltd and Akash Deep Projects Ltd.
The development comes at a time when several arrests have been made in Odisha in connection with companies that have raised money illegally. On Friday,the CBI arrested Sagar Kumar Ray, director of Orisons Group of Companies in connection with the Ponzi scheme. The registering of FIR against five non-Saradha companies indicates that the probe against them is gathering pace.
The CBI had earlier filed a charge-sheet against Saradha Group owner Sudipta Sen, official Debjani Mukherjee, and suspended AITC MP Kunal Ghosh in connection with the Saradha scam.
Read full article: The Hindu
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