December 25, 2025 07:15 pm (IST)
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CBI raids Ramel chit fund's offices
Kolkata, Dec 23 (IBNS): The Central Bureau of Investigation (CBI) on Wednesday conducted raids at several offices and directors' residences of West Bengal based chit fund company Ramel Group of Industries Ltd. across the state, sources said.
According to sources, few teams of CBI raided at least 18 premises of Ramel Group of Industries Ltd. at several locations in West Bengal including Lake Town and Bangur Avenue in Kolkata and Barasat in North 24 Parganas district.
"We have raided at least 18 locations in West Bengal including few offices and directors' residences of a Bengal-based chit fund company- Ramel Group of Industries Ltd.- and seized many important documents from the premises," one CBI official told IBNS.
Ignoring the Securities and Exchange Board of India (SEBI)'s guidelines, Ramel Group of Industries collected a huge amount of deposits from the market.
(Reporting by Deepayan Sinha)
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