CBI chargesheets ponzi firm for cheating 35 lakh

New Delhi: CBI has filed a chargesheet against the Directors of Pune-based Samruddha Jeevan Multi State Multi Purpose Co-operative Society Ltd, Mahesh Kisan Motewar and Prasad Kishor Paraswar, in the over Rs 3,484 crore ponzi scam in Odisha collected from over 35 lakh people, officials said here Friday. The case was registered by the CBI on directions of Supreme Court June 4, 2014, which was earlier probed by Malkangiri police station in Odisha.
“It was alleged in the complaint that certain officials of private Multi-purpose Co-operative Society Ltd. having branch office at Malkangiri and Head Office at Shivaji Nagar, Pune (Maharashtra) were collecting money from general public through agents in different schemes illegally by promising to provide cattle and goats as well as high rate of returns on their deposits from the public and cheated them,” a CBI spokesperson said here Friday.
The agency said its probe revealed the then chairman and director and others offered higher rate of interests to gullible people and illegally collected money to the tune of Rs 3,678 crore from 35 lakh investors.