New Delhi, Jul 26 (PTI) The Central Bureau of Investigation (CBI) has filed an FIR against former Rajya Sabha MP KD Singh for allegedly deceiving people by offering 10 times return on their investments in his businesses, officials said Tuesday.
The agency hired Singh, a former Trinamool (TMC) Congressman, and eight others, including his son Karandeep Singh, for allegedly deceiving people into investing millions of rupees in his companies Alchemist Infra Reality Limited and Alchemist Township Limited, they said. .
The CBI carried out searches at 12 locations on the premises of Singh, who served as an MP between 2010 and 2014 according to the Rajya Sabha website, and the other defendant in the case, the officials said.
The central agency has taken over the investigation in the case of the Azamgarh police, who had registered the FIR on a complaint by a certain Vijay Kumar Chauhan, alleging cheating and embezzlement of funds invested by him and others in Singh’s businesses.
Chauhan alleged that he was given false promises to make the investment two times, three times and 10 times over a period of six years, nine years and 16 years respectively.
However, the investors did not get their money back, FIR claimed.
The government of Uttar Pradesh had requested a CBI investigation into the case from the Center in September 2021.
The Department of Personnel and Training (DoPT) referred him to the CBI on June 28 this year, after which the agency took over the investigation.
The CBI re-registered the Azamgarh Police FIR against Singh, his son and seven others – Satendra Singh, VM Mahajan, CM Jolly, Krishna Kabir, Sucheta Khemkar, Chandra Shekhar Chauhan and Sushil Kumar Rai. RC ABS PTI
2022-07-26