AGARTALA, March 8 � Around 14,00,000 small investors had opened accounts in Non Banking Financial Corporations (NBFCs) in the hope of getting a very good return but many of them did not get back even the principal amount. These NBFCs might have collected Rs 1172.64 crore from the investors, according to reports.
As many as 92 NBFCs have already vanished from the market while they have land properties amounting to Rs. 485.90 lakh.
The country�s premier investigating agency CBI carried out raids in the Rose Valley office and residences of its executives recently.
Though there was no arrest or FIR filed, the CBI sleuths have reportedly seized huge amount of papers, certificates and documents related to illegal money collection business, sources said. Interestingly, the State police were kept in the dark over the CBI raids.
A 25-member CBI team raided the Rose Valley office here on Thursday last in search of evidence of illegal money collection business.
They also carried out raids in the houses of three Rose Valley executives including Director Ashok Saha and recovered a huge quantity of papers relating to illegal money spinning business.
After conducting simultaneous raids in three locations, the CBI sleuths left the State for Kolkata office on Friday. Sources said the raids were conducted in connection with a case lodged against the chit fund company in Bhubaneswar.
According to the reports, NBFCs have had a good business untill the crackdown on them two years ago.
Training guns at the government for the mess, opposition leader Sudip Roy Barman has alleged that the ruling party had played a vital role in promoting chit fund business in the State. �Ministers were seen inaugurating different programmes organised by chit fund companies which encouraged innocent people to invest money in these companies. Now they can�t wash their hands off the mess�, he said.
