New Delhi, Sep 28 (IANS) The Central Bureau of Investigation (CBI) has said that they have arrested the former Deputy Registrar of Companies, Kolkata, and three others, including founding director and territory manager of private companies during further investigation of a case related to the chit fund scam.
The CBI had registered a case immediately in compliance with the Supreme Court's orders against the then Managing Director of a private company and others and taken over the investigation of the case earlier registered at Baliapal police station, Balasore (Odisha).
It was alleged that the accused illegally collected public deposits throughout Odisha by alluring the people with various deposit schemes falsely promising high returns and did not refund the maturity amount and thereby cheated the investors of their due amount.
The total collection of the company was nearly Rs 565 crore.
In this case, two charge-sheets were filed in 2016 and in November 2021 before the Bhubaneswar court.
Further investigation was continuing to look into the larger conspiracy, money trail and roles of regulatory authorities.
During further investigation, it was revealed that the accused (private persons) had allegedly associated themselves with the illegal ponzi schemes accused named in the FIR and also allegedly received huge pecuniary benefits for themselves out of the illegally collected deposits by the said private company.
Subha Kumar Banerjee, the then Deputy Registrar of Companies, Kolkata, had allegedly facilitated the illegal deposit collection business of the accused.
Apart from him, the CBI has arrested Lakshman Srinivasan, the then founding director of Fimshore Management Service Ltd, Swapan Kumar De and Uttam Munshi, the then territory manager of Star Health Insurance.
The US Higher Education Institutions (HEIs) will explore partnerships with the Indian education sector during the delegation visits to Mumbai, Bengaluru and New Delhi between September 12-16. The delegation will comprise representatives of 21 US HEIs from 15 US states which will go around the three major Indian cities, against the backdrop of India's New Education Policy-2020.
The national flag will be flown at half-mast on Sunday throughout India and there will be no official entertainment programme on that day, a statement issued by the government said on Friday. Britain is observing 10-day state mourning for Queen Elizabeth II. Britain's royal family will observe a period of mourning that will end on the seventh day after the funeral of Queen Elizabeth II.
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The Chief Minister, accompanied by Delhi Deputy Chief Minister Manish Sisodia, said that by playing musical chairs, the traditional parties have mercilessly plundered the wealth of the state, and have connived with each other to shield their misdeeds.
The flights, to be introduced from October 30, will connect Mumbai, Hyderabad and Chennai with Qatar's capital Doha during this period. 13 flights per week will operate from Mumbai, four from Hyderabad and three from Chennai. These flights will be in addition to the existing daily flights to Doha from Delhi.
Acting swiftly on the complaint of the principal, the security was stepped up at the school by deploying commandos and sniffer dogs. During the probe, the police found it an act of mischief by three students of the school.
