Bhubaneswar: Almost a month after carrying out searches in 19 locations in West Bengal and Odisha in connection with multi-core chit fund scam, CBI today conducted raid at Sarada chitfund firm’s Puri office.
Official sources said a seven-member team of the investigating agency searched the office and seized some incriminating documents.
On October 1, the agency made searches in residences of a Managing Director and Directors of a chit fund company having operations in the two states.
Besides, the company’s office was also searched in connection with the case, they said.
The firm has allegedly duped investors of crores of rupees on the pretext of giving good returns on their investment, the sources said.
The CBI has started a country-wide crackdown on fraudulent chit fund companies which are duping lakhs of gullible investors following a Supreme Court order in this regard.
Other than CBI, ED and Income Tax department are probing infamous Saradha chit fund scam of West Bengal in which people were duped of at least Rs 2,500 crore worth investments.