July 31, 2021
Scam/Fraud

CID seizes documents in connection with Samruddha Jeevan chit scam

The CID has collected a huge cache of documents related to Samruddha Jeevan Company, the management of which has been accused of carrying out large scale cheating of the investors.

The CID sleuths raided a house in Dhayari where some important and incriminating documents were hidden by the group. The documents are being verified and arranged for a proper forensic audit, CID officials stated.

Mahesh Motewar, the chairman and managing director of the multi-crore collective investment scheme company Samruddha Jeevan Group, and Samruddha Jeevan Foods India Limited and the prime accused in the multi-crore Samruddha Jeevan chit fund scam is currently languishing in jail along with 16 others who were perpetrators of the major financial crime which shook the state of Maharashtra.

The role of 25 bigwigs for their role in the scam is also being investigated by the authorities.

In the first week of July, sleuths from Maharashtra Criminal…

Read full article here: www.hindustantimes.com