Crime
CBI Secures Conviction of Firm and Officials in Financial Fraud Case
A CBI court in Agartala has convicted a private company and three of its senior officials in a chit fund fraud case, sentencing the individuals to six years of rigorous imprisonment and imposing substantial fines on both the company and the accused.
The CBI Court in West Tripura district, Agartala, has convicted Pragati Sheel Infra Projects & Services Limited and three of its senior officials in connection with a chit fund fraud case.
The convicted individuals are:
- Arindam Das
- Paritosh Das
- Dipshikha Chakraborty
Sentence Awarded
The court sentenced all three accused individuals to six years of rigorous imprisonment (RI) and imposed a fine of ₹3 lakh each.
Convicted Person Punishment Arindam Das 6 years RI + ₹3 lakh fine Paritosh Das 6 years RI + ₹3 lakh fine Dipshikha Chakraborty 6 years RI + ₹3 lakh fine
Fine on Company
In addition to the individual punishments, the court imposed a fine of ₹7 lakh on the company.
Entity Fine Pragati Sheel Infra Projects & Services Limited ₹7 lakh
CBI Investigation
The case was investigated by the Central Bureau of Investigation as part of its probe into alleged chit fund irregularities and financial fraud.
Chit fund scams have been a major concern in several northeastern and eastern states, with investigations often focusing on allegations of illegal deposit collection and financial misappropriation affecting investors.
The conviction marks another significant development in the ongoing efforts to prosecute those involved in fraudulent investment schemes and protect the interests of depositors.
