November 23, 2024 03:33 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma

Saradha: CBI conducts searches at 60 locations

| | 16 Aug 2014, 10:28 pm
New Delhi, Aug 16 (IBNS): The Central Bureau of Investigation (CBI) on Saturday said it has conducted searches at 60 locations across the nation in connection with the Saradha chit fund scam.

"The Central Bureau of Investigation has today conducted searches at 60 locations including two each in Mumbai (Maharashtra); Berhampur (Odisha); Balasore (Odisha) and the remaining 54 in Bhubaneswar (Odisha) & adjacent areas at the office & residential premises of Odisha based Group of companies; their Directors & other office bearers and also of those companies / individuals who had close links with the said Group. The case has been registered against the said Group of Companies in the alleged multi-crore chit fund scam on the directions of Hon’ble Supreme Court of India and investigation has been taken up by the SIT of CBI," the probe agency said in a statement.

The CBI said searches were also conducted in Mumbai (Maharashtra) at the office & residence of a Stock Broker who had allegedly obtained license from SEBI and MCX for the said group of Companies and at the residence of one 'TV Serial Producer'.

"During searches, incriminating documents have been recovered," the CBI said.

CBI had registered four cases in West Bengal and 44 in Odisha this year in the multi-crore chit fund scam on the direction of the Supreme Court of India.

The CBI said investigation into the case is being continued.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.