The Central Bureau of Investigation (CBI) on Monday conducted raids in connection with a ponzi case at eleven locations across four different states.
The investigative agency carried out search operations in the district of North 24 Parganas of West Bengal, Patna, Agartala and New Delhi, and recovered several incriminating documents, according to an official.
The CBI has booked Partha Chakraborti, the promoter of the company Chakra Infrastructure Limited, along with several others for alleged criminal conspiracy and cheating public to the tune of around Rs 87 crore.
The accused allegedly collected huge amounts from the public as deposits with the promise of return at a high rate of interest. They failed to do honour the deal and, in turn, closed down offices and were on the run since.
“It was alleged that the accused persons collected huge amounts as deposits from the public on assurance to repay the amounts with a high rate of interest. But, the accused persons did not repay and closed down the offices and thereby cheated the investors and misappropriated the public money invested by depositors,” the agency said.