WEB DESK
The CBI on Monday conducted searches at 11 locations in the ongoing investigationof a chit fund case.
An official said, the searches were carried out in the district of North 24Parganas of West Bengal, Patna, Agartala and New Delhi. During the searches,several incriminating documents have been recovered.
The CBI has booked Partha Chakraborti, the promoter of the company, and othersfor alleged criminal conspiracy and cheating.
It was alleged that the accusedpersons collected huge amounts as deposits from the public on assurance torepay the amounts with a high rate of interest. But the accused persons did notrepay and closed down the Offices and thereby cheated the investors andmisappropriated the public money invested by depositors.
The amount involved in the scamis around 87 crore rupees.