New Delhi, Sep 28 (IANS) The Enforcement Directorate (ED) has said that they have filed a prosecution complaint against Partha Chakraborti and eight others in connection with the chit fund case of Chakra Infrastructure Ltd before the Special CBI (NS: CBI ) Court in Kolkata, an official said. The ED made an appeal for conviction of the accused and confiscation of properties worth Rs 17.36 crore.
It said that the Special CBI Court has taken cognisance of the prosecution complaint.
The ED initiated a PMLA investigation based on an FIR registered by the CBI against Chakra Infrastructure Ltd, a chit fund company.
The ED investigation revealed that Partha Chakraborti, promoter of Chakra Group of Companies collected money to the tune of Rs 89 crore from the public promising high rates of return.
Chakraborti siphoned off the money/properties of Chakra Group of Companies in his name or in the name of his family members and defaulted on repayment of Rs 59 crore to the investors.
Earlier, the ED had attached assets worth Rs 11.05 crore with the provisional attachment order in March 2022 which was confirmed by the adjudicating authority.
In September, the ED attached immovable assets worth Rs 5,78,90,847, including one hotel namely God's County at Tarapith worth Rs 3,77,96,785 and movable properties worth Rs 52,50,797 making total value of attachment to Rs 6.31 crore.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.