ONLINE AGE

(Online version of the Arunachal Age newspaper)

Home / REGIONAL / Tripura: CBI court sentences three executives of chit fund firm to 6 yr RI for duping 800 depositors

Tripura: CBI court sentences three executives of chit fund firm to 6 yr RI for duping 800 depositors

AGARTALA : A special CBI court in Tripura on Saturday sentenced three executives of a chit fund company to six years of rigorous imprisonment each for swindling Rs 5.5 crore from over 800 depositors, a lawyer said.

The special CBI judge, Debasish Kar, also asked the Unakoti district magistrate to attach the properties of Pragatishil Infra Project Services Private Ltd to pay the duped depositors.

The Pragatishil Infra Project Services Private Ltd, a chit fund company, started its operations in Tripura’s Unakoti district in 2009 and collected a huge amount from people, assuring “good returns” after maturity, the lawyer said.

“However, the company stopped paying the depositors concerned even after maturity (in 2012). Angry depositors then lodged an FIR against the company at Kailashar police station.

“After conducting a probe, the CBI submitted a charge sheet against three company executives — Arindam Das (CMD), Dwipsikha Das (Administrative Director) and Paritosh Das (MD) — in a court at Kailashahar, Unakoti district,” Special CBI public prosecutor, Prasenjit Saha, told reporters.

He said that during the trial, the court found the three executives of the firm guilty of misappropriating Rs 5.5 crore from around 800 depositors.

“The special CBI court in Agartala today pronounced the verdict, sentencing the three company executives to six years of rigorous imprisonment each under the Tripura Protection of Interests of Depositors (in Financial Establishments) Act, 2000,” he said.

Saha said the court has also asked the Unakoti district magistrate to attach the chit fund company’s properties and return the money to the duped depositors. (Source: PTI)

 

 

Share:

More Posts

Send Us A Message

RELATED ARTICLES