Kolkata, Nov 28: The Cental Bureau of Investigation (CBI), which is probing the multi-crore rupee Saradha scam, Friday registered cases against two non-Saradha companies and their directors for various offences including cheating and conspiracy, an official said.
"The CBI has registered cases against Ramel Industries and Annex Infrastructure in pursuance of the Supreme Court order dated May 9. Cases have been registered against directors of these companies on the allegation of criminal breach of trust, cheating, criminal conspiracy and violation of Prize Chit Money Circulation Scheme Banning Act," an agency official said.
Having found guilty of operating Collective Investment Schemes (CIS) without obtaining its approval, market regulator Securities and Exchange Board of India (SEBI) in July had asked Ramel Industries to immediately wind down its scheme that raised over Rs.97 crore from investors.
Ordering refund of the collected money, the SEBI had also barred Ramel Industries as well as its promoters and directors from dealing in capital markets till the refund was complete.
On the other hand, Annex Infrastructure owner and MD Prasenjit Majumdar was arrested in April for cheating and swindling depositors money.