Kolkata: According to the CBI, it has carried out raids in nine locations as a part of their ATM Group’s chit fund case in several parts of the state.
The raids were conducted at the offices and residential premises of the chairman and managing director and other directors of the company in nine different locations on Thursday, he said.
During the searches, several documents were seized. A case was registered in June 2017 against the ATM Group of companies’ officials following orders of the Supreme
As per the complaints, the accused persons had allegedly collected from the public an amount of Rs. 4 to 5 crore as deposit on assurance to repay the amount with high rate of interest.
“The accused persons, however, did not repay and misappropriated the invested amount and thereby cheated the investors,” he said.