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Ponzi scam: CBI searches 22 places in West Bengal

New Delhi, July 1

The CBI on Monday carried out searches at 22 locations in West Bengal, including the offices and residential premises of promoters and directors of New Land Agro Industries, one of the accused companies in a ponzi scam cases probed by the agency, officials said.

The search operations were spread in seven districts — Bankura, Hooghly, Howrah, Bardhaman, Jalpaiguri, Paschim Medinipur, Purba Medinipur — and Kolkata.

The firm is accused of swindling Rs 140 crore from gullible investors who deposited their savings in the schemes of the company upon being promised lucrative returns, they said. The investors were not repaid their money at the time of maturity, they said. The apex court had directed the agency to probe all the companies allegedly involved in the ponzi scam, the officials said. — PTI



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Ponzi scam: CBI searches 22 places in West Bengal Ponzi scam: CBI searches 22 places in West Bengal Reviewed by Online News Services on July 01, 2019 Rating: 5

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