CBI Court Sentences Three Executives in Tripura Chit Fund Fraud

Agartala: A special CBI court in Tripura has sentenced three executives of a chit fund company to six years of rigorous imprisonment for defrauding over 800 depositors of approximately Rs 5.5 crore. Special CBI Judge Debasish Kar handed down the verdict on May 30, holding the trio accountable under the Tripura Protection of Interests of Depositors Act, 2000.

The convicted individuals include Chairman and Managing Director Arindam Das, Administrative Director Dwipsikha Das, and Managing Director Paritosh Das. They operated Pragatishil Infra Project Services Private Ltd, which began collecting public deposits in the Unakoti district in 2009 with promises of lucrative returns.

The company ceased payments to investors once schemes matured in 2012. Following an investigation into complaints filed at the Kailashahar Police Station, the Central Bureau of Investigation successfully prosecuted the case.

Beyond the prison sentences, the court ordered the Unakoti district administration to attach the company's assets. This legal action aims to secure the property and facilitate the repayment of funds to the affected depositors.