The Central Bureau of Investigation (CBI) on Wednesday raided at least 10 locations in West Bengal and its neighbouring state Bihar in connection with its ongoing probe into a chit fund scam.
Approximately 50-60 investigation agency carried out raids at several offices and directors’ houses of Ponzi film Sun-Plant Agro Limited in Katihar and Bhagalpur districts of Bihar and central Kolkata’s internally area.
CBI announced that premise of the chit fund company’s chairman, Abodh Kumar Singh, at Kolkata’s Kestopur area was searched on Wednesday. CBI seized several documents during the raid quizzed few persons at those premises.
CBI informed that violating Securities and Exchange Board of India (SEBI)’s order and guidelines, Kolkata based chit fund company, Sun-Plant Agro Limited, illegally collected nearly 5000 crore rupees as deposits from the markets of West Bengal, Bihar and Few other States.