CBI files charge sheet against ABC Indya in chit fund cases

New Delhi: The Central Bureau of Investigation has filed a chargesheet against ABC Indya and its managing director, in one of the 44 chit fund cases that it is probing, officials here said.

Agency officials said that Inderpreet Singh, managing director of ABC Indya and Amanpreet Singh, another director in the company have been named in the chargesheet.

According to CBI, the Delhi-based company had unauthorisedly and illegally collected Rs 47.88 crore from members of the public, mainly in Odisha and Kolkata between 2006 and 2010.

The company allegedly cheated its investors and misappropriated their investments, Rs 42.3 lakh of which was collected from 46 investors in Odisha alone.

The agency began its investigation into the chit fund scams, which includes the Rs 1,200 crore Saradha case and Rs 15,000 crore Rose Valley case, on directions from the Supreme Court of India.

Before the Apex court transferred the cases to CBI, state governments of both Odisha and West Bengal had initially opposed the move, saying their investigators within the state were thoroughly probing the case. However, CBI had earlier this year claimed that while taking over the Saradha probe, some investigators in Bengal might have tried to hide evidence pertaining to the case.