CBI arrests Director of a private firm for chit fund scam
New Delhi, Aug. 4 -- The Central Bureau of Investigation (CBI) today said they had arrested
director of a renowned private firm who had been evading his arrest since 2018 and was
declared as a proclaimed offender in connection with a chit fund scam.
A senior CBI official said the accused identified as Sivakumar Gangadharan alias G. Sivakumar,
a Director of Rightmax Technotrade International Ltd, had been evading arrest since 2018 by
frequently changing his whereabouts.
The case, initially registered in 2014, involved allegations of fraud, criminal conspiracy and
violations of the Prize Chits and Money Circulation Schemes (Banning) Act. After being declared
a proclaimed offender in 2019, Sivakumar was finally traced to Karur, Tamil Na...
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