Wednesday, April 8, 2026
ADVT 
India

CBI arrests 4 in chit fund scam

Darpan News Desk IANS, 28 Sep, 2022 12:56 PM
  • CBI arrests 4 in chit fund scam

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.

MORE India ARTICLES

Over 4K Indian students to be evacuated from Romania: Scindia

Over 4K Indian students to be evacuated from Romania: Scindia
Addressing a virtual press conference from Romania, he said that over 4,000 students will be evacuated in the next three days. He said that six flights were operated from Bucharest to India on Wednesday.

Over 4K Indian students to be evacuated from Romania: Scindia

PM speaks to father of Indian student, Naveen S G, killed in Ukraine

PM speaks to father of Indian student, Naveen S G, killed in Ukraine
Naveen hails from Haveri in Karnataka, and is the first Indian casualty of the deadly face-off between Ukraine and Russia.

PM speaks to father of Indian student, Naveen S G, killed in Ukraine

Google analyst held for posting nude pics of women on Instagram

Google analyst held for posting nude pics of women on Instagram
The accused, identified as Mohit Sharma, a resident of Noida, UP, holds a B.Tech Degree in Mechanical Engineering and also a post graduation in Business Management. He was working with Google as Market Research Analyst, Intelligence Fusion and Strategic Operation (IFSO) unit of Delhi Police informed.

Google analyst held for posting nude pics of women on Instagram

Hardeep Singh Puri, Gen VK Singh & Kiren Rijiju leave for Europe to oversee evacuations

Hardeep Singh Puri, Gen VK Singh & Kiren Rijiju leave for Europe to oversee evacuations
Puri left by a special flight of IndiGo Airlines for the evacuation of Indian nationals stuck in Ukraine via Budapest. Union Minister General V.K. Singh is on his way to Poland to energize the government's efforts to facilitate Indians stranded on the Ukrainian side of the Polish border. 

Hardeep Singh Puri, Gen VK Singh & Kiren Rijiju leave for Europe to oversee evacuations

Modi chairs high-level meeting on Ukraine, reviews evacuation mission

Modi chairs high-level meeting on Ukraine, reviews evacuation mission
According to sources, Modi was briefed about the evacuation status and was informed that over 1,750 Indian students have returned to the country so far.

Modi chairs high-level meeting on Ukraine, reviews evacuation mission

India to help people from neighbouring countries stuck in Ukraine

India to help people from neighbouring countries stuck in Ukraine
Also, guided by India's motto of the world being one family, the Prime Minister said that India will help people from neighbouring countries and developing nations who are stranded in Ukraine, seeking assistance.

India to help people from neighbouring countries stuck in Ukraine