Chandigarh, May 2: The multi-crore Crown Co-operative Chit Fund scam has grown bigger with the Special Investigation Team (SIT) identifying 182 accused and terming it an international racket where hawala transactions were used to transfer money abroad.
From the initial figure of 10-15 accused, the six-month investigation by the SIT has taken the number of accused to 182. Of them, 17 have already been nominated as the prime accused in the challan submitted in a Mohali court last week.
But in these six months, the SIT has managed to arrest only four of the top 17 accused. Those arrested are Harjit Singh of Sunam, Inderjit Singh of Khanna, Amandeep Singh of Patiala and Paramjit Singh of Ropar.
A copy of the challan says the main accused is the firm’s managing director, Jagjit Singh alias Laddi, who along with Surinder Singh Bhandari and Balwinder Kamboj floated several companies in India and abroad. The company began operation in 2011-12 and shut shop in early 2014.
News Source: http://www.tribuneindia.com
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