Left Menu
Development News Edition

AVGCSL CEO and two others arrested in fraud case

PTI | Guwahati | Updated: 08-07-2019 19:45 IST | Created: 08-07-2019 19:45 IST
AVGCSL CEO and two others arrested in fraud case

The CEO of Assam Vegetables Growers Cooperative Society Limited (AVGCSL) Rahul Amin and two others were arrested by the Bureau of Investigation (Economic Offences) of Assam Police on Monday for an alleged fraud of over Rs 10 crore. Along with Amin, the BIEO arrested Ranjan Pegu, the vice chairman of the society, and an accomplish Himani Basumatari.

A BIEO release said that it registered a case after receiving over 30 written complaints from common people. The BIEO said that as per documents collected so far, the size of the fraud is "more than Rs 10 crore but the actual amount of money swindled may be much more than this".

The investigating agency has so far examined at least 40 witnesses of different cooperative societies of Chirang, Baksa, Kokrajhar, Sonitpur and Dhemaji districts, who had deposited money for different schemes as allured by Amin. Amin and other collected more than Rs 10 crore through demand draft, cheque and cash as registration fees from people in villages and small towns in the name of different schemes like poultry, piggery, goatery, fishery, tractor, dairy and power tiller that never existed.

"The people were also told that 90 per cent subsidy would be provided in various schemes, but none of the beneficiaries/societies received anything from AVGCSL," the release said. During enquiry, it was also established that the AVGCSL also manipulated the bye laws of the Societies Act to misrepresent and to cheat the innocent public.

"All the aspects of the case is being investigated by BIEO now including various bank accounts maintained and used by AVGCSL and its CEO. The agency is examining the various conspiracy angles and the modus operandi of alluring public into parting with their money by Rahul Amin," the release added..



5G will be the key driving force for COVID-19 recovery: Here's how?

... ...

Canada’s COVID-19 pitfalls highlight need for integrated health information system

In the globalized world of today where outbreaks can spread far and wide within a matter of days, a global-level integrated health information system is ideal but Canadas provincial barriers show that the country lags much behind in deployi...

Pandemic must be impetus, not obstacle, for clean water access

To make matters worse, there are suspicions that the inadequacy of wastewater treatment methods in California, the rest of the USA, and indeed around the world may help to propagate the disease even more widely. ...

3D printing and the future of manufacturing post COVID-19

The on-demand, customizable, and localized manufacturing of product components facilitated by 3D printing has the potential to redefine manufacturing but there are certain technical, mechanical, and legal limitations that, unless ...


Latest News

France's Macron pushes for a government of technocrats to rescue Lebanon

French President Emmanuel Macron is pushing Lebanons political leaders to install an interim technocratic government able to enact reforms, win back public confidence and persuade donors to release billions of dollars in aid.A French diplom...

MLS: Inter Miami signs French midfielder Blaise Matuidi

Major League Soccer club Inter Miami CF on Thursday confirmed the signing of French midfielder Blaise Matuidi following his departure from Juventus. The midfielder joins Inter Miami after leading Juventus FC to the 201920 Serie A title and ...

Retail inflation increases to 6.93 pc in July

Retail inflation, which is measured by Consumer Price Index CPI, rose to 6.93 per cent in July, according to official data released on Thursday. Consumer inflation in rural parts of the country was at 7.04 per cent, while it was 6.84 in the...

UK's Johnson welcomes deal to normalise Israel-UAE relations

British Prime Minister Boris Johnson welcomed an agreement between Israel and the United Arab Emirates that will lead to a full normalisation of diplomatic relations between the two states.The UAE and Israels decision to normalise relations...

Give Feedback