The CBI has filed a supplementary chargesheet against 24 people in connection with a Rs 60,000 crore Ponzi scam allegedly run by the Pearls group, officials said on Wednesday.
In the chargesheet filed before a special CBI court, the central probe agency has also named three companies, Pearls Infrastructure Projects Ltd, ARSS Infrastructure Projects Ltd and Jain Infraprojects Ltd, officials said.
The supplementary chargesheet names 11 accused businessmen who were arrested on December 22, 2021.
It is alleged that Pearls group companies allegedly collected around Rs 60,000 crore (approx) from around 5.5 crore investors all across the country by illegally operating different investment schemes, without any statutory approval and allegedly with a motive to dupe the investors, CBI spokesperson RC Joshi.
“It was alleged that the accused were the co-conspirators in this scam, who aided the prime accused and others in illegally operating investment schemes for earning quick and easy money, inducing investors to invest their funds in such investment schemes which offered lucrative returns to the investors and thereafter in diversion of such funds through dubious means with the motive of misappropriation,” Joshi said.
Besides the three companies, those named in the charge sheet include Pearls group executives Harchand Singh Gill, Chander Bhushan Dhillon, Prem Seth, Gurjant Singh Gill, Balvir Singh, Tarlochan Singh, Mohanlal Sehjpal, Kanwaljit Singh Toor, Gurpratap Singh,…
