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Mastermind of Chitfund scam nabbed: CBI

Chitfund scam Mastermind nabbed CBI
Written by Randhir Kumar
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Abu Sadeque Ishtiak Ahmed Choudhary, Chit fund scam Mastermind from Tripura got nabbed on Wednesday at Kolkata. He was hiding there from quite sometime, he duped around Rs 11 crore from a many gullible investors of Tripura.

CBI was looking for Chowdhary since last October. Chowdhary is a Managing director of Daffodils Associate limited and the company duped around Rs 11 crore of the investors.

A CBI official said, Daffodils Associate limited promised for a higher rate of return against the investment and collected over Rs 11 crore from Investors.

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1 Comment

  • I am the lawyer of Abu Sadeque Ishtiyaque Chaoudhry in Caclcutta, he came to meet me and told me that he is not guilty and all the misappropriation has been done by his colleges and other drectors, so i advised him to meet the CBI and took him to the O/O the Suptd of Police, CBI Salt Lake Kolkata,on 10/02/2014 and again of 12/02/2014, he personally present himself before the CBI where he was detained on 12/02/2014, so no question of nabbing him but he personally present himself, i am not concerned about the marit of the case but as a bonafide citizen i asked him to present himself before the investigating agency