CBI Arrests Three Absconding Accused in Tripura Chit-Fund Scam
First Published: 7th February, 2025 17:22 IST
The accused were involved in collecting huge sums from the public, promising lucrative returns without any authorisation from SEBI, RBI.
The Central Bureau of Investigation (CBI) has arrested three absconding accused in connection with a chit-fund scam in Tripura. The arrested individuals—Minnatullah Barbhuiya, Kamrul Islam Barbhuiya (both Directors of Kama (Indian) Projects and Services Ltd), and Imdadullah Barbhuiya—were apprehended from Hyderabad, Hojai (Assam), and Vellore (Tamil Nadu), respectively.
The case, initially registered by the local police, was taken over by the CBI following directives from the Tripura and Central governments.
The accused were involved in collecting huge sums from the public, promising lucrative returns without any authorisation from SEBI, RBI, or other regulatory bodies. Instead, they misappropriated the entire amount, defrauding investors.
During the investigation, it was found that the accused had been evading authorities for a long time. Consequently, the Special CBI Court in Agartala issued Non-Bailable Warrants (NBWs) against them. On 6 February 2025, after thorough tracking, the CBI successfully arrested them. They will be produced before the competent court for further legal proceedings.
This arrest marks a significant step in cracking down on financial fraud, ensuring justice for the victims of the scam.
Also Read: Tripura CM affirms govt’s support for growth of cooperatives, improving livelihoods of people
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