CBI files chargesheet against accused of duping investors of irregular deposit scheme in Assam
Assam: In a case involving claims of misleading investors about an irregular deposit scheme in Assam, the Central Bureau of Investigation (CBI) filed a charge sheet against a private individual acting on behalf of a private consulting firm based in Assam before the Special Judge for CBI Cases, Chandmari, Guwahati.
The chargesheet was submitted in accordance with Section 25 read with Sections 409 of the Indian Penal Code, Section 316(5) of the Bharatiya Nyaya Sanhita (BNS), 2023, and Sections 21(1), 21(2), and 21(3) of the Banning of Unregulated Deposit Schemes Act, 2019.
On the Assam Government’s advice, the CBI filed the current case against the private company, its owner, the charge sheeted defendants, and others.
The lawsuit concerns purported infractions of Section 21 of the Banning of Unregulated Deposit Schemes Act, 2019 and Sections 3(5), 316(5), and 318(4) of the Bharatiya Nyaya Sanhita, 2023 (BNS, 2023).
The defendants have allegedly been collecting large quantities of money from a number of depositors since 2018 by promising assured profits.
As evidence of the transactions, they gave depositors papers signed on stamp paper worth Rs 100 in exchange.
Many depositors, however, have complained about erratic payouts in recent months, with some even not receiving the promised returns at all.
When the aforementioned charge-sheeted accused was captured on August 22 of this year, the case’s initial arrest was made. Currently, the aforementioned accused entrepreneur and others are under judicial custody.
The matter is still being investigated further.
41 cases pertaining to different unregulated deposit programs have already been transferred by the Assam government. The CBI has effectively located databases that hold information on depositors who were tricked into funding these unregulated deposit schemes over the course of the inquiry.
The CBI is still dedicated to exposing the full scope of these fraudulent actions and apprehending those responsible.
