CBI books Karol Bagh company for defrauding people of Rs 10k cr
New Delhi: The CBI has booked a Karol Bagh-based company for allegedly defrauding its investors to the tune of Rs 10,000 crore by promising double returns on their investments in a year, officials said Thursday.
The Central Bureau of Investigation (CBI) registered a case against the company on Wednesday on the direction of the Supreme Court which in 2014 had asked the agency to investigate matters related to chit fund companies, they said.
The CBI has booked tviexpress.com having a registered office in Karol Bagh area in west Delhi, its promoters and associates Tarun Trikha, Varun Trikha, Veena Trikha, Sikha Trikha, Shakti Sharad, Anoop Kumar and Kabita Ganguly in the case.
The agency has slapped on them charges of cheating, forgery and violation of SEBI guidelines among others.
The case was earlier probed by the West Bengal police which had registered an FIR in the state's Murshidabad district.
It was alleged that the accused were engaged in the business of share trading, commodities trading, holiday package booking and air ticketing without any legal sanction or approval required under law.
The complainant had alleged they had collected money in the name of Pacific Royal Airlines and siphoned and misappropriated more than Rs 10,000 crore of investors' funds.