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The Central Bureau of Investigation (CBI) has registered two cases against two non-Saradha companies. The cases have been filed against Ramel Group of Industries Ltd and Annex Infrastructure India Ltd.
Headquartered in Bengal, both the companies are alleged to have been involved in money collection schemes.
According to a CBI spokesperson, cases have been filed under “criminal breach of trust, cheating, criminal conspiracy and violation” of Prize Chit Money Circulation Scheme Banning Act.
In July this year, market regulator SEBI (Securities and Exchange Board of India) had clamped down on Ramel Industries asking it wind down the scheme through which it is said to have raised Rs 97 crore.
Similarly, Annex too has been under the scanner for its failure to repay investors’ money. Its owner and managing director Prasenjit Majumdar was arrested in April this year.
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