Disha Publication emerges as a leading Publishing Player changing the Test Prep Market india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
CBI arrests ex-MDs of 2 cos in cheating cases
By IANS| Published: 25th December 2020 8:00 am IST
New Delhi, Dec 24 : The Central Bureau of Investigation (CBI) on Thursday said it has arrested the former Managing Directors of two companies in two separate cases related to ponzi schemes.
A CBI official said that in the first case, the agency arrested Awdhesh Singh, then Managing Director of Sun Plant Agro Ltd. The CBI has registered a case against Sun Plant Agro Ltd, its directors and others.
The official said that it was alleged that Singh in pursuance to a conspiracy with others had illegally collected Rs 697.72 crore from investors under various fraudulent schemes on assurance of paying high returns on such investments on maturity.
CBI arrests former managing directors of two firms for cheating investors of Rs 835 crore through po
CBI arrests former managing directors of two firms for cheating investors of Rs 835 crore through ponzi scheme
The Central Bureau of Investigation has arrested two former managing directors of private companies in two separate cases where investors were cheated on the name of Ponzi scheme to the tune of over Rs 835 crore, the officials said.
advertisement
(Representational Image)
The Central Bureau of Investigation has arrested two former managing directors of private companies in two separate cases where investors were cheated on the name of Ponzi scheme to the tune of over Rs 835 crore, the officials said.