CBI raids 18 premises of Ramel Group
Kolkata: In its crackdown against non-Saradha Ponzi firms, CBI on Wednesday conducted simultaneous raids at 18 premises of Ramel Group of Industries. Reportedly, just one company of the group has raised around Rs 100 crore.
While some of the raided units are residential, some are official premises of the group and its directors. A CBI team went to the residence of one of the directors — Rameswar Poddar. After interrogating families of other directors, CBI officials seized files and computers.
Ramel Group had been on the CBI radar after the Saradha bubble burst. In May last year, Sebi had barred promoters of Ramel Industries from raising money from the public. It also barred them from accessing capital markets till it refunded around Rs 98 crore. According to sources, the group allegedly did not pay heed and continued raising money from the public.
Read full article: TOI
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