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CBI raids in Maharashtra, Odisha over chit fund scam

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  30 Dec 2015 12:00 AM GMT

New Delhi, Dec 29: The CBI on Tuesday conducted searches at 58 locations of Samruddha Jeewan Group of companies across Maharashtra and Odisha in its ongoing probe in the multi-crore chit fund scam, an official said. The agency carried out the searches at the office premises of the Pune-based private firm and its sister companies. The residential premises of alleged accused and suspected directors are also being searched, a Central Bureau of Investigation (CBI) official said.

The raids are being conducted following two cases registered by the agency against Samruddha Group on charges of crimil conspiracy, fraudulent, crimil breach of trust, and sections of the Prevention of Corruption Act. “Searches are being conducted at 58 locations in Maharashtra and Odisha against Samruddha Jeewan Group of companies in connection with two alleged chit fund cases,” the official said. (IANS)

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