Canindia News

CBI raids 16 locations in Hyd’bad, Kolkata in Ponzi case

Kolkata/Hyderabad, March 11 (IANS) The Central Bureau of Investigation (CBI) on Wednesday carried out searches at over 16 locations in Hyderabad and Kolkata in connection with its probe into a chit fund case, officials said.

A senior CBI official related to the probe said that multiple teams were carrying out searches at the offices of Ashok Group of Companies and the residential premises of its officials in Hyderabad and Kolkata for cheating investors to the tune of Rs 20 crore.

The CBI official said that a case against the company was registered at the Economic Offences (EO) unit in Kolkata on the directions of the Supreme Court. He said that the company had promised huge rate of return on the investments made in the company.

–IANS

aks/kr

YOU MAY ALSO BE INTERESTED IN

Modi’s visit to Bharat Biotech is strong motivation: Naidu

CanIndia New Wire Service

Modi’s visit to Bharat Biotech is strong motivation: Naidu

CanIndia New Wire Service

Modi’s visit to Bharat Biotech is strong motivation: Naidu

CanIndia New Wire Service

Accept Shah’s appeal, Punjab CM urges protesting farmers

CanIndia New Wire Service

Protect peace & tranquility of Hyderabad: KCR to voters

CanIndia New Wire Service

Yediyurappa will complete his term as CM, asserts K’taka BJP

CanIndia New Wire Service

BJP ups ante for Hyderabad civic body polls

CanIndia New Wire Service

Sandalwood drugs case: Sanjjanaa moves HC again seeking bail

CanIndia New Wire Service

‘Would walk till Fatehabad if need arises,’ says sportsman stuck at Tikri Border

CanIndia New Wire Service

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

SUBSCRIBE TO OUR WEEKLY NEWSLETTER

Stay up to date with the latest news and exclusive offers directly in your inbox