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CBI files charge-sheet against 13 accused in chit fund case

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Guwahati, Feb 8: The Central Bureau of Investigation (CBI) has filed a charge-sheet in the Court of Special Judicial Magistrate (Kamrup Metropolitan district) here against 13 accused, including the managing director and director of a private company; private companies and others in a chit fund related case.

According to official sources, the investigation agency had registered a case on the orders, dated May 9, 2014, of Supreme Court of India, passed in writ petition (civil) number 401/2013 and writ petition (civil) number 413/2013.

Subsequently, it took over investigation of the case related to chit funds earlier registered by Assam Police against a private group of companies and others including managing directors; general manager; manager; private companies based in Guwahati/head office at Kolkata.

“It was alleged that the accused had started its business of collecting money from public illegally through various agents under the cover schemes claimed to be for product booking and collected a huge amount of money with an assurance to pay back with lucrative interest without any guarantor and without permission of the RBI/SEBI, etc,” an official statement said on Tuesday.

“It was further alleged that none of the customers had received any product against the money and the scheme was planned to cheat the public to the tune of Rs 238 crore (approximately),” the statement issued by CBI (information section) said.

Further investigation is underway to ascertain the alleged role of other accused in the case.

The names of accused mentioned in the charge-sheet include Biswapriya Giri, managing director; Sachindra Nath Bhattacharya, director; M/s URO Agro India Limited; M/s URO Infra Realty 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, chartered accountant.

 

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