The CBI has conducted raids in nine locations as a part of their probe into the ATM Group's chit fund case in several areas of West Bengal, the investigation agency spokesperson said today.
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 Court.
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.
For more Kolkata news, click here
Patna Court Sends NEET-UG Paper Leak Key Accused To 14-Day CBI Custody Engineer Stole NEET Question Paper From Exam Body's Trunk, Arrested By CBI "This Is Unfair": DK Shivakumar On Supreme Court's "Sorry" In CBI Case World's Largest Isolated Tribe Makes Rare Appearance In New Footage Puja Khedkar's Mother Was Hiding In Lodge As "Indubai" Using Fake ID At Least 2 Passengers Die As Chandigarh-Dibrugarh Express Derails In UP Infosys Posts 7% Increase In Q1 Net Profit At Rs 6,386 Crore Watch: Rescue Teams Crawl Through Derailed Coaches Looking For Survivors Delhi Court Refers BRS leader K Kavitha To AIIMS For Medical Check-Up Track Latest News Live on NDTV.com and get news updates from India and around the world.