CHIT FUND SCAM: CBI files charge sheet against ten fake companies

STAFF REPORTER

GUWAHATI: The CBI filed charge sheets against three persons and ten fake companies for raising funds from the public in the name of schemes relating to agro-industry, lifecare, hotel and resorts, infotech, Autotech, real estate business etc.

Companies' MD Biswapriya Giri, director Sachindra Nath Bhattacharya and CA Sushil Kumar Sharma collected around Rs 238 crore under various schemes from people across the state. They promised the customers higher returns. However, the customers got nothing from the company as promised.

The companies are M/s URO Agro India Ltd, URO Infra Realty India Ltd, URO Walker Ltd, URO Hygienic Food Ltd, URO Lifecare Ltd, URO Autotech Ltd, URO Trexim Ltd, URO Hotels & Resorts India Ltd, URO Infotech Ltd and URO Enclave India Ltd.

Following a direction from the Supreme Court of India in writ petitions © 401/2013 and 413/2031 on May 9, 2014, the CBI took the case for investigation. The Assam Police had earlier registered the case against the URO group of companies based in Guwahati with their headquarters in Kolkata.

These companies collected funds from the public with their network of agents. The companies do not have permission from the RBI and the SEBI to collect funds from the people.

The CBI filed the charge sheet against 13 accused, including the MD and the Director of the URO group of companies, in the Court of Special Judicial Magistrate, Kamrup.

After taking over the investigation, the CBI recorded the testimonies of the victims. It collected the documentary and other evidence to make their case strong. After making a foolproof charge sheet, the investigating agency first took the legal opinion from the senior counsel and then furnished it before the court. The role of the other accused is still under investigation. The CBI said it is still probing the matter and a supplementary charge sheet is likely.

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