Chhattisgarh Police arrested four directors of a chit fund company from Hyderabad and a director of another company from New Delhi.
As part of intensified action against the chit fund companies, police from Rajnandgaon arrested four Anmol India Agro Herbal Farming Diary Care Co Ltd's Javed Meman (44), Rozina alias Supra Bano (32), Nilopher Bano Meman (33) and Nadia Bano Meman (34) from Hyderabad on Tuesday, an official communication said.
Two directors of the company, Khalid Meman and Junaid Meman, were arrested in December 2016 while one director, Umar Memon, has died. Two directors, Fatima Bano and Hamid Meman, were granted anticipatory bail by the High Court on June.
The company had a total of 9 directors.
A total of 21 FIRs were registered against the company directors in Rajnandgaon, Surguja, Kanker, Raigarh and Bilaspur (1). Offences had been registered in Maharashtra, Rajasthan and Gujarat. The company had cheated Rs 15.34 crores from 5,934 investors.
In another case, police from Baloda Bazar arrested Sunshine Infrabuild Corp Ltd director Vakil Singh Baghel of Bhind in Madhya Pradesh from Preet Vihar in Delhi.