Sunday, July 12, 2015

Chit fund scam: CBI team in Nuapada



NUAPADA: The CBI probing the chit fund scam in the State visited the Nuapada police station on Saturday to investigate the alleged fraudulent collection of deposits by the Rose Valley Corporation, one of the 44 ponzi firm probed by the Central investigating agency.

A two-member team interrogated some police officers, who had raided the offices of the company and had seized documents following complaints against it. The team minutely went through the documents seized during the raids on the Kolkata headquartered company in 2013-14. 

Notably, the company had allegedly duped depositors of around Rs 15 lakh in Nuapada area. The CBI team reportedly sought information on the case from the investigating officer.

The company has its wide presence not only in Odisha but also in West Bengal, Tripura, Assam, Jharkhand, Maharashtra and other States. It was alleged that the company have collected around Rs 24,000 crore from its investors.

The firm came into the limelight following the Saradha scam, which broke in early 2013. The Corporate Affairs Ministry had named the Rose Valley as one of the 73 companies involved in ponzi schemes in West Bengal the same year.

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