The Economic Offences Wing (EOW) of CBI in Chennai has registered a fresh case in relation to the multi-crore scam allegedly committed by Parivar Diaries and Allied Ltd., following an order by the Madurai Bench of Madras High Court. According to the petitions in the Madurai Bench of Madras High Court by depositors cheated by the firm, based in Madhya Pradesh, over one lakh depositors were duped of ₹ 1,500 crore. The firm pretended to function under approval from the Reserve Bank of India and Life Insurance Corporation of India.
The case filed in 2016 by Tamil Nadu Police’s EOW Wing II in Madurai district did not see much progress in the investigation, because of which the petitioners sought the transfer of the case to CBI. Citing that the company had similar cases against it in Madhya Pradesh and the investigation therefore spanned different States, the HC Bench ordered the transfer of the case to CBI.
