CBI searches 82 places in chit fund scam by former Andhra MLA

The Central Bureau of Investigation (CBI) on Wednesday carried out searches at 82 places in connection with two cases registered on the directions of the Jharkhand high court to probe the role of 33 chit fund companies owned by a former MLA of Andhra Pradesh.

During the searches, the CBI claimed to have recovered Rs 44.90 lakh from the ex-MLA of Vishakhapatnam-West who was also the Managing Director of a chit fund company, a CBI spokesperson said in a statement. According to the spokesperson, the agency conducted searches at the MLA’s residence and premises of his 33 companies. The searches were conducted at 82 locations in Jharkhand, Bihar, Odisha, West Bengal and Andhra Pradesh, she said. The CBI had registered two cases against group of companies owned by the former legislator, their Managing Directors, Directors and other officials on the directions of Jharkhand High Court.