Advertisement

HindustanTimes Fri,22 Aug 2014

Chit fund Rose Valley office raided in Sikkim

PTI  Gangtok, May 05, 2013
First Published: 10:54 IST(5/5/2013) | Last Updated: 10:55 IST(5/5/2013)

The office a Kolkata-based chit fund company Rose Valley was raided by a team of policemen on Saturday morning at Tadong in Gangtok.

Advertisement

"The branch office of Rose Valley company was searched and documents have been seized. We have a suspicion that the company is luring and collecting money from people here violating Sikkim Protection of Interests of Depositors Act," superintendent of police, East district, Manoj Tewari said.

"No company official was present when the police reached the office. The policemen broke the lock in the presence of sub-divisional magistrate and seized documents related with money collecting activities," he said.

The office was closed for the past two days and locals had removed the signboard from Gangtok, the police said.


Advertisement
more from India

TN boy's hand chopped off for 'disrespecting' elder

Police said that the main accused, Krishnan, husband of the president of the village panchayat, was incensed by the boy’s alleged disrespect by sitting crossed legged in his presence.
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved