Chit Fund Scam: CBI submits charge sheets against two Ponzi firms

The Central Bureau of Investigation (CBI) filed a chrgesheet against two two ponzi firms.

The first chargesheet submitted by central investigating agency was against Ramendu Chattopadhyay, managing director of Tower Infotech Ltd and Ashis Chatterjee, director of Tower Group companies and Tower Infotech Ltd. on allegations cheating the investors and causing criminal breach of trust.

Similarly, the second chargesheet was submitted against Ranjit Santra, Tarun Kumar Barui and Parimal Biswas, three directors of Asha Agro Equipment Industries India Ltd. on allegations of cheating the investors.

Notably, all the five accused persons are under judicial custody.