A Special CBI Court in West Tripura has sentenced the CMD and two other officials of Pragati Sheel Infra Projects and Services Limited to six years’ rigorous imprisonment in a Tripura chit fund case involving misappropriation of public deposits worth Rs 5-6 crore, the CBI said.
The court also imposed a fine of Rs 3 lakh each on the three convicted officials. The company was separately convicted and fined Rs 7 lakh, according to the CBI statement cited in the report.
Three Officials Sentenced To Six Years
The Special Court on Saturday sent the company’s CMD Arindam Das, Director Paritosh Das and Administrative Director Dipshikha Chakraborty to prison for misappropriating deposits collected from the public.
The Special Judge, CBI, West Tripura District, also convicted Pragati Sheel Infra Projects and Services Limited in the case. The court held the company liable and imposed a separate fine on it.
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CBI Re-Registered Kailashahar Case In 2013
The case originated from Kailashahar Police Station Case No. 90/2012, dated April 30, 2012. Following notifications issued by the Tripura government and the Department of Personnel and Training, Government of India, the case was re-registered by the Central Bureau of Investigation on October 8, 2013.
The CBI took up the matter for further investigation into allegations that the accused had cheated the complainant and several others by not refunding money invested by them. The agency said the accused misappropriated deposits of Rs 5-6 crore collected from the general public.
Fine Amount To Be Distributed Among Depositors
After investigation, the CBI filed a chargesheet on May 28, 2018, against Arindam Das, Paritosh Das, Dipshikha Chakraborty Das and Pragati Sheel Infra Projects and Services Limited.
The Special Judge ordered that the fine amount imposed on the convicts, if realised, be forwarded to competent authorities for proportionate distribution among the aggrieved depositors.
The court directed that the amount be handled through the District Magistrate and Collector, Unakoti District, Kailashahar, for distribution to competent authorities as per the requirements of their sub-divisions. It also requested the authorities to recover the defrauded amount from attached assets, as far as practicable under the law, and distribute it proportionately to identified depositors and investors who did not get back their deposited money.
