The Assam government is contemplating suing Jeevan Suraksha Associates Marketing Private Ltd (JSAMPL) for allegedly submitting forged documents of state’s finance department to obtain bail for four of its top ranking executives from Gauhati high court recently in a multi-crore fraud-cum-cheating case.
The four its executives – Arju Acharjee, Chandan Das, Uttam Acharjee and Ashok Chakrabory, were arrested recently as the company is accused to have duped thousands of its customers in Assam who had invested in the company with the hope of getting good returns. JSAMPL was a Non Banking Financial Company (NBFC), which had latter diversified into many other sectors, including plantation, real-estate and even owned a Guwahati-based satellite television channel. The company on November 7 submitted a document in the Gauhati High Court which stated that the finance department had given two months time to the company to repay money of all investors. The document helped the four accused to obtain bail. As it came to the notice of the finance department, on scrutiny it was found that the document carried forged seal, stamp and signature of the department.
“The document that JSAMPL submitted in the High Court, and which helped four of its executives obtain bail, came to the notice of HS Das, principal secretary of finance department. On examination it was found that the document was forged and finance department had not issued any such document of JSAMPL. The state finance department is now contemplating suing JSAMPL for forgery,” stated a press statement of finance department.
European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti, who is on a four-day visit to India, is going to meet finance minister P. ...
Finance minister tries to allay worries of real estate bubble in foreseeable future