New Delhi, Sep 28 (IANS) The Central Bureau of Investigation (CBI) has said that they have arrested the former Deputy Registrar of Companies, Kolkata, and three others, including founding director and territory manager of private companies during further investigation of a case related to the chit fund scam.
The CBI had registered a case immediately in compliance with the Supreme Court's orders against the then Managing Director of a private company and others and taken over the investigation of the case earlier registered at Baliapal police station, Balasore (Odisha).
It was alleged that the accused illegally collected public deposits throughout Odisha by alluring the people with various deposit schemes falsely promising high returns and did not refund the maturity amount and thereby cheated the investors of their due amount.
The total collection of the company was nearly Rs 565 crore.
In this case, two charge-sheets were filed in 2016 and in November 2021 before the Bhubaneswar court.
Further investigation was continuing to look into the larger conspiracy, money trail and roles of regulatory authorities.
During further investigation, it was revealed that the accused (private persons) had allegedly associated themselves with the illegal ponzi schemes accused named in the FIR and also allegedly received huge pecuniary benefits for themselves out of the illegally collected deposits by the said private company.
Subha Kumar Banerjee, the then Deputy Registrar of Companies, Kolkata, had allegedly facilitated the illegal deposit collection business of the accused.
Apart from him, the CBI has arrested Lakshman Srinivasan, the then founding director of Fimshore Management Service Ltd, Swapan Kumar De and Uttam Munshi, the then territory manager of Star Health Insurance.
The bench noted that the victims have been denied a chance of effective hearing and the high court overlooked relevant considerations. It further added that the tearing hurry shown by the high court merits the setting aside of bail order and remanded the matter back to high court for fresh consideration. The bench said the high court order cannot be sustained and is thus set aside.
A local court on Monday remanded Abhishek Hiremath, the accused youth whose objectionable social media post allegedly triggered large-scale violence in Hubballi, to judicial custody till April 30. Prohibitory orders have been clamped in the city till April 20 and as many as 100 persons detained in connection with the violence.
Punjab Police have solved the hand-grenade attack at Crime Investigation Agency (CIA) office in Nawanshahr by busting a major Pakistan-based terror module run by Harvinder Singh, alias Rinda, with the arrest of its three operatives, said Director General of Police V.K. Bhawra here on Monday.
There is no evidence for the theory that a bid to plant saffron flags at a mosque led to violence in Delhi's Jahangirpuri but was "a minor argument which later took the shape of massive violence", Delhi Police Commissioner Rakesh Asthana said on Monday.
Shiromani Akali Dal (SAD) President Sukhbir Singh Badal on Monday urged Prime Minister Narendra Modi to intervene and ensure the expeditious release of Bhai Balwant Singh Rajoana to fulfill the promise made to the Sikh community to release eight Sikh prisoners who have served more than the effective equivalent of a life sentence on the eve of the 550th Parkash Purb celebrations of Guru Nanak Dev in 2019.
The organisation said that Maan should express regret over the recent meeting. Dhesi had met Mann along with newly-elected Rajya Sabha member and AAP leader Raghav Chadha on Sunday.
