Additional charge filed against the owners of the Prayag group – WeForNews

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New Delhi, December 1: The Central Bureau of Investigation (CBI) filed an additional indictment in a Guwahati court against the founding director of the Assam-based Prayag group of companies, Swapna Bagchi, in connection with the scam to chit funds.

The investigative agency previously filed an indictment on February 26, 2019 in a court in Guwahati, Assam, against 16 defendants, including CEO Basudeb Bagchi and others over the hijacking allegations. of Rs 109,39,80,218 from nearly 2,28,104 investors.

Further investigation continued to uncover a larger plot, the money trail and the roles of other defendants.

During the investigation, it was revealed that Swapna was the first director and shareholder of the private company registered on February 27, 2002, along with Basudeb. The said company was renamed on July 10, 2007, according to the CBI.

After reviewing the bank statements and the forensic audit report, it was also found that funds from the company’s bank accounts were allegedly diverted to his personal account and the personal accounts of CMD and other MDs.

The CBI had registered the present case on August 22, 2015, by order of the Supreme Court and resumed the investigation of the case previously registered at the Jorhat police station in Assam against officials of the Jorhat-based company. .

It was alleged that the accused collected various amounts from investors linked to the chit fund and then misappropriated them.


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