CBI nails five other Ponzy companies
CBI has registered five new cases against non-Saradha companies based in West Bengal in connection with its probe into the multi-crore chit fund scam.
CBI sources said, cases were registered against Angel Group of Companies, PAFL Industries Ltd, Royal International Trading, Win Realcon Ltd and ASSDA Agro Projects Ltd in pursuance of the Supreme Court order.
Cases have been registered against Managing Directors and Directors of these companies on allegations of criminal breach of trust, cheating, criminal conspiracy and violation of Prize Chits and Money Circulation Scheme (Banning) Act.
Meanwhile, in Odisha, the agency Friday arrested Sagar Kumar Ray, a Director in Orison group of companies, for his alleged links with Artha Tatwa group of companies. It is alleged that he received a huge amount of money in his personal account as well as in the accounts of his companies, which he was not able to satisfactorily account for.