In response to Millennium Post report on Pearls group ponzi scam case, the CBI on Tuesday has issued a clarification. CBI’s rejoinder comes the day after Millennium Post published a detailed report on Nirmal S Bhangoo’s biggest ponzi scam case worth Rs.47,000 crore and asked why the suspects were roaming free and their custodial examination haven’t taken place after several months of their investigation.
The CBI rejoinder reads, ‘Please refer to news items published in Millennium Post, Delhi Edition dated 13.10.2014 & 14.10.2014 titled ‘CBI compromised India’s biggest ponzi scam case worth Rs.47,000 cr’ and ‘Another feather in CBI’s corrupt cap. It would be totally incorrect and erroneous to suggest that CBI has been ‘compromised’. The said report is false, baseless and malicious and is aimed at destroying the credibility of CBI as an institution. It also appears to be part of concerted design to malign India’s premier investigative agency.’ It further reads, ‘CBI wishes to clarify that the investigation in this case is being conducted in comprehensive, free and fair manner. All angles related to the functioning of the concerned companies are being carefully investigated and appropriate actions are being taken as per the Law of the land.’
‘The investigation in the matter is going on in earnest. CBI has conducted a large number of searches across various states and seized huge records consisting of thousands of Sale Deeds, Transfer Deeds and Title Deeds. More than 1000 accounts have been frozen on a reasonable suspicion of being recipient of proceeds of crime. Detailed field verifications have also been conducted at various places in respect of properties/land bank which have been acquired by the promoters of two groups, besides examining a large number of witnesses in the case. CBI is regularly interacting with other law enforcement agencies in this case i.e SEBI, ED and Income Tax Department for a coordinated action,’ it says.
The CBI rejoinder reads, ‘Please refer to news items published in Millennium Post, Delhi Edition dated 13.10.2014 & 14.10.2014 titled ‘CBI compromised India’s biggest ponzi scam case worth Rs.47,000 cr’ and ‘Another feather in CBI’s corrupt cap. It would be totally incorrect and erroneous to suggest that CBI has been ‘compromised’. The said report is false, baseless and malicious and is aimed at destroying the credibility of CBI as an institution. It also appears to be part of concerted design to malign India’s premier investigative agency.’ It further reads, ‘CBI wishes to clarify that the investigation in this case is being conducted in comprehensive, free and fair manner. All angles related to the functioning of the concerned companies are being carefully investigated and appropriate actions are being taken as per the Law of the land.’
‘The investigation in the matter is going on in earnest. CBI has conducted a large number of searches across various states and seized huge records consisting of thousands of Sale Deeds, Transfer Deeds and Title Deeds. More than 1000 accounts have been frozen on a reasonable suspicion of being recipient of proceeds of crime. Detailed field verifications have also been conducted at various places in respect of properties/land bank which have been acquired by the promoters of two groups, besides examining a large number of witnesses in the case. CBI is regularly interacting with other law enforcement agencies in this case i.e SEBI, ED and Income Tax Department for a coordinated action,’ it says.