CBI raids Samrudhi chit fund company

Bhubaneswar/Malkangiri: The Central Bureau of Investigation (CBI) on Tuesday has conducted simultaneous raids at 58 places across the country, including two in Odisha of Samrudhi chit Fund Company, on charges of duping investors.
According to reports, the CBI has conducting searches in homes of company the director and various offices of the ponzi firm in Malkangiri and other places.

The investigating agency is also checking various documents belonging to the tainted company.

Notably, the Reserve Bank of India (RBI) had earlier issued notice to Samrudhi chit fund firm as the company was illegally collecting money from people promising to give high returns.