The News Scroll 23 March 2017  Last Updated at 10:35 am | Source: PTI

Police forms SIT to probe cheating case against Alchemist grp

Police forms SIT to probe cheating case against Alchemist grp
outlookindia.com
1970-01-01T05:30:00+0530

Kolkata, Mar 23 The Kolkata Police has formed a Special Investigation Team (SIT) to probe into a case against Alchemist group, a company owned by Rajya Sabha MP K D Singh.

Cases under the Indian Penal Code (IPC) sections 420 (cheating), 406 (breach of trust), 409 (breach of trust by public servant, or by banker, merchant or agent) and 120 B (criminal conspiracy) have been started against Singh and two other directors Kumarjit Singh and Pawan Verma, a senior officer of Kolkata Police said.

A case has also been initiated against three companies of the Alchemist group, acting on complaints by investors lodged against the group at the Bowbazar police station on March 16, he said.

There are allegations against the group of cheating of over Rs 2.53 crore, the officer said.

Incidentally, Singh's name has also surfaced in the Narada sting operation case after Narada News CEO Mathew Samuel claimed that Singh had given him Rs 80 lakh for the sting operation.

companies

Kolkata, Mar 23 The Kolkata Police has formed a Special Investigation Team (SIT) to probe a case of cheating investors of Rs 2.53 crore allegedly by three companies of Alchemist group, owned by Rajya Sabha MP K D Singh.

According to sources, the Kolkata Police formed the SIT to probe the fraud charges against the Alchemist group after an FIR was registered against three officials of the companies on March 16.

Acting on investors' complaints, a case was registered against three companies of the group at Bowbazar police station, he said.

There are allegations against the group of cheating investors of Rs 2.53 crore, the officer said.

Singh and two other directors of the companies - Kumarjit Singh and Pawan Verma have been booked on the charge of cheating, breach of trust and criminal conspiracy, a senior officer of Kolkata Police said.

Singh's name has surfaced in the Narada sting operation case after Narada News CEO Mathew Samuel claimed that the Rajya Sabha MP had given him Rs 80 lakh for the sting operation.

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds.
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