The Central Bureau of Investigation (CBI) has filed the second supplementary charge sheet relating to a Chit Fund case in Assam involving misappropriation of funds to the tune of Rs 23.87 crore.
CBI filed the chargesheet before the court of Additional Chief Judicial Magistrate, Kamrup (M), Guwahati (Assam) against then Managing Director and three then Directors of a private Group of Companies.
The accused in the case were Chandan Das, Managing Director, Jeevan Suraksha Group of Companies; Arju Acharjee, Director, Jeevan Suraksha Group of Companies; Ashok Chakraborty, Director, Jeevan Suraksha Group of Companies and Uttam Acharjee, Director, Jeevan Suraksha Group of Companies.
CBI had registered the instant case on January, 2016 on the request of Assam Government and took over the investigation . The Assam Police had also submitted chargesheet in the instant case.
During further investigation, it was found that the accused in conspiracy with each other and with intention to cheat, established company and became the directors thereof.
It was further alleged that the accused collected huge public funds from Barpeta district of Assam in the form of deposits by issuing Certificates in the name of Booking of Rooms in Hotels, to huge investors, in violation of Companies Act and SEBI (CIS) Regulations.
It was also alleged that the accused misappropriated/converted the investors’ money to the tune of Rs. 23,87,76,140/- (approx.) for their personal use, a statement from CBI said.
CBI had submitted the 1st Supplementary Charge Sheet in the instant case on December, 2018 against four accused including Directors and and three accused companies.

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