State Acts tough; Secures Deposits for investors Duped by Chit-fund Firms

Story Highlights
  • Chhattisgarh races to secure deposits from fraudulent chitfunds.
  • Rajnandgaon police nabbed directors Anmol India Agro Herbal Farming Dairy CareCompany Ltd.
  • Accused charge for duping Rs 15.34 crores.

Chhattisgarh: The Bhupesh Baghel led government has adopted a stern course of action by launching a crackdown on fraudulent chit fund companies to secure the deposits of duped investors.

Under the crackdown, Rajanandgaon Police has arrested four directors of Anmol India Agro Herbal Farming Dairy Care Company Limited. The directors are accused in cheating of Rs15.34 crores. On Wednesday, Javed Memon, Rozina Aka Supra Bano Memon, Nadiya Bano Memon, Nilofar Bano Memon were arrested from Hyderabad and Narayanpur respectively. A total of 21 FIRs have been filed against the accused including 9 in Rajnanddangoan, 6 in Surguja, 4 in Kanker, 1 in Raigarh, Bilaspur, Maharashtra, Rajasthan and Gujarat. The accused have been charged for duping roughly 5,934 investors in Rajnandgaon.

Apart from the 4 accused, earlier Khalid Memon and Junaid Memom were arrested in December 2016 while two others Hamid Memon and Fatima Memon was granted anticipatory bail by the HC on 17June 2021. Umar Memon one amongst them passed away reported sources.

Rigourous search operations are being held by the SIT constituted. Detailed information about their fraudulency are being extracted from their bank accounts while the transactions are being trailed through forensic audit.

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