Mon Dec 16 23:31:00 UTC 2024: ## CBI Files Five Chargesheets in Assam’s Unregulated Deposit Scam
**Guwahati, Assam –** The Central Bureau of Investigation (CBI) has filed five additional chargesheets against 18 individuals and two organizations in connection with an ongoing unregulated deposit scam in Assam. These chargesheets, filed in a special Guwahati court, add to four previously filed by the CBI’s Delhi branch.
The chargesheets allege various fraudulent activities, including promising exorbitantly high returns on investments and misappropriating funds. One case involves Upepithets Holdings Private Limited, with its director and manager accused of inducing the public into loan agreements promising monthly returns exceeding 6%. Another chargesheet targets Brahmaputra Sanchay & Biniyog Cooperative Society Limited, accused of collecting deposits under a scheme promising annual returns up to 15% and paying agents hefty commissions. Other chargesheets detail similar schemes involving false promises of high returns through stock trading and investment companies. The accused individuals face charges of fraud and financial mismanagement. The investigation is ongoing.
First Piper 