Lok Sabha Question No. 5024 (UNSTARRED), answered on 2017-03-31
Subject: New Strategy to Combat Fraudulent Companies
Ministry: CORPORATE AFFAIRS
Asked by: R.K. BHARATHI MOHAN, PR. SENTHILNATHAN, P.R. SUNDARAM

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

LOK SABHA UNSTARRED QUESTION NO. 5024 ANSWERED ON FRIDAY, THE 31 ST  MARCH, 2017 [CHAITRA 10, 1939 (SAKA)]

## NEW STRATEGY TO COMBAT FRAUDULENT COMPANIES QUESTION

5024. SHRI BHARATHI MOHAN R.K.: SHRI PR. SENTHIL NATHAN: SHRI P. R. SUNDARAM:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a) whether the Government has devised any new initiative on the mandatory provisions for private limited Chit and Finance Companies in the country;
- (b) if  so,  the  details  thereof  and  the  complete  list  of  Chit  and Finance Companies committed serious fraud and cheating during the last three years and the current year, State/UT-wise;
- (c) the total amount involved in each case; and
- (d) whether  the  Government  has  chalked  out  any  strategy  to involve any special investigation agencies or audit firms to look into the affairs of such serious fraud and cheating committed by the Chits and Finance Companies in the country and if so, the details thereof?

## ANSWER

THE MINISTER OF STATE IN THE           (SHRI ARJUN RAM MEGHWAL) MINISTRY OF CORPORATE AFFAIRS

(a) to (d): Chit fund companies are registered and regulated under Chit Fund Act, 1982 and administrated by the State Governments.

The  Government  has  received  certain  complaints  regarding cheating of small investors, by the companies involved in Ponzi/Chit Fund/Multi Marketing activities. The Ministry of Corporate Affairs has ordered  investigation  through  Serious  Fraud  Investigation  Office (SFIO) into such companies, as per the list at Annexure-I.

*******

## Annexure-I

## ANNEXURE REFERRED TO IN REPLY TO PARTS (a) to (d) OF THE UNSTARRED QUESTION NO. 5024 FOR ANSWER IN LOK SABHA ON 31.03.2017

## STATE-WISE LIST OF CHIT FUND/MLM/PONZI ACTIVITIES CASES REFERRED TO SFIO FOR INVESTIGATION DURING LAST THREE YEARS AND THE CURRENT YEAR  UPTO 28TH FEBRUARY,2017

| 2013-14   | 2013-14                                                  | 2013-14       | 2013-14                                           | 2013-14           |                              |
|-----------|----------------------------------------------------------|---------------|---------------------------------------------------|-------------------|------------------------------|
| Sl No     | Name of the Company                                      | Date of Order | Date of Submission of Investigation Report/status | Name of the State | Amount involve d (in crores) |
| 1         | Rose Valley Real Estate & Construction Ltd               | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 2         | Rose Valley Industries Ltd.                              | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 3         | Silver Valley Communications Ltd.                        | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 4         | Rose Valley Food Beverages Ltd.                          | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 5         | Rose Valley Marketing India Ltd.                         | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 6         | Rose Valley Infotech Pvt. Ltd.                           | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 7         | Rose Valley Hotels & Entertainment Ltd.                  | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 8         | Rose Valley Projects Ltd                                 | 01.05.2013    | 03.12.2014                                        | Assam             |                              |
| 9         | Rose Valley Patrika Ltd.                                 | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 10        | Rose Valley Films Ltd.                                   | 01.05.2013    | 03.12.2014                                        | West Bengal       | 10281.                       |
| 11        | Modern Investment Traders Pvt. Ltd                       | 01.05.2013    | 03.12.2014                                        | West Bengal       | 00                           |
| 12        | Rose Valley Travels Pvt. Ltd.                            | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 13        | Brand Value Communications Ltd.                          | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 14        | Rose Valley Housing Development Finance Corporation Ltd. | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 15        | Rose Valley Airlines Ltd.                                | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 16        | Rose Valley Fashions Pvt. Ltd.                           | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 17        | Rupasi Bangla Projects India Ltd.                        | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 18        | Rupasi Bangla Media & Entertainment Ltd.                 | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |
| 19        | Rose Valley Realcom Ltd.                                 | 01.05.2013    | 03.12.2014                                        | West Bengal       |                              |

| 20      | Sunshine India Land Developers Ltd.         | 01.05.2013   | 24.04.2015   | West Bengal   |        |
|---------|---------------------------------------------|--------------|--------------|---------------|--------|
| 21      | Sunshine Mutual Benefit Ltd.                | 01.05.2013   | 24.04.2015   | Uttar Pradesh |        |
| 22      | Sunshine Land Projects Ltd.                 | 01.05.2013   | 24.04.2015   | Uttar Pradesh |        |
| 23      | Sahu Investment Mutual Benefit Company Ltd. | 01.05.2013   | 24.04.2015   | Uttar Pradesh |        |
| 24      | Sahu Investment Corporation Ltd.            | 01.05.2013   | 24.04.2015   | Uttar Pradesh |        |
| 25      | Nirmala Sahu Business Complex Pvt. Ltd.     | 01.05.2013   | 24.04.2015   | Uttar Pradesh |        |
| 26      | Shiv Nests Pvt. Ltd.                        | 01.05.2013   | 24.04.2015   | West Bengal   |        |
| 27      | Synergy Tie-Up Pvt. Ltd.                    | 01.05.2013   | 24.04.2015   | West Bengal   |        |
| 28      | Nirmala Dwellings Pvt. Ltd.                 | 01.05.2013   | 24.04.2015   | West Bengal   |        |
| 29      | URO Infra Reality India Ltd.                | 15.07.2013   | 31.12.2015   | West Bengal   |        |
| 30      | URO Hotels and Resorts India Ltd.           | 15.07.2013   | 31.12.2015   | West Bengal   |        |
| 31      | URO Hygienic Foods Ltd.                     | 15.07.2013   | 31.12.2015   | West Bengal   |        |
| 32      | URO Infotech Ltd.                           | 15.07.2013   | 31.12.2015   | West Bengal   |        |
| 33      | URO Lifecare Ltd.                           | 15.07.2013   | 31.12.2015   | West Bengal   |        |
| 34      | URO Trexim Ltd.                             | 15.07.2013   | 31.12.2015   | West Bengal   |        |
| 35      | URO Autotech Ltd.                           | 15.07.2013   | 31.12.2015   | West Bengal   |        |
| 36      | URO Agro India Ltd.                         | 15.07.2013   | 31.12.2015   | West Bengal   |        |
| 37      | URO Walkers Ltd.                            | 15.07.2013   | 31.12.2015   | West Bengal   |        |
| 38      | Icore E-services Ltd.                       | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 39      | Icore Apparels Pvt. Ltd.                    | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 40      | Icore Paints Pvt. Ltd.                      | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 41      | Icore Iron & Steel Pvt. Ltd.                | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 42      | Icore Super Cements Pvt. Ltd.               | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 43      | Riju Cement Ltd.                            | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 44      | Mega Mould India Ltd.                       | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 45      | Papyrus Infotech Pvt. Ltd.                  | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 46 Pvt. | Icore Global Medicines Ltd.                 | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 47      | Icore Jewellery & Gems Pvt. Ltd.            | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 48      | Icore Polyfab Pvt. Ltd.                     | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 49      | Icore Housing Finance Corpn. Ltd.           | 01.05.2013   | 04.09.2015   | West Bengal   |        |
| 50      | Saradha Realty India Ltd.                   | 01.05.2013   | 04.07.2014   | West Bengal   |        |
| 51      | Saradha Agro Development Ltd.               | 01.05.2013   | 04.07.2014   | West Bengal   | 2394.0 |
| 52      | Saradha Exports Ltd.                        | 01.05.2013   | 04.07.2014   | West Bengal   | 2394.0 |
| 53      | Saradha Shopping Mall Pvt. Ltd.             | 01.05.2013   | 04.07.2014   | West Bengal   | 2394.0 |

|   54 | Saradha Printing & Publication Pvt. Ltd.   | 01.05.2013   | 04.07.2014   | West Bengal   |
|------|--------------------------------------------|--------------|--------------|---------------|
|   55 | Pvt. Ltd.                                  | 01.05.2013   | 04.07.2014   | West Bengal   |
|   56 | Saradha Education Enterprise Ltd.          | 01.05.2013   | 04.07.2014   | West Bengal   |
|   57 | Saradha Construction Company Pvt. Ltd.     | 01.05.2013   | 04.07.2014   | West Bengal   |
|   58 | Saradha Garden Resorts & Hotel Pvt. Ltd.   | 01.05.2013   | 04.07.2014   | West Bengal   |
|   59 | Saradha Landmark Cement Pvt. Ltd.          | 01.05.2013   | 04.07.2014   | West Bengal   |
|   60 | Rose Capital Ltd.                          | 01.05.2013   | 04.07.2014   | West Bengal   |
|   61 | Bengal Media Pvt. Ltd.                     | 01.05.2013   | 04.07.2014   | West Bengal   |
|   62 | Bhasank Food Pvt. Ltd.                     | 01.05.2013   | 04.07.2014   | West Bengal   |
|   63 | Global Automobiles Ltd                     | 01.05.2013   | 04.07.2014   | West Bengal   |

## 2014-15

| Sl No                                | Name of the Company                   | Date of Order   | Date of Submission of Investigation Report/status   | Name of the State       | Amount involve d (in crores)   |
|--------------------------------------|---------------------------------------|-----------------|-----------------------------------------------------|-------------------------|--------------------------------|
| 1                                    | Ramel Industries Ltd.                 | 06.08.2014      | 31.05.2016                                          | West Bengal West Bengal | 5                              |
| 2                                    | Gan Laboratory Pvt. Ltd.              | 06.08.2014      | 31.05.2016                                          | West Bengal             |                                |
| 3                                    | Ramel Mart Pvt. Ltd.                  | 06.08.2014      | 31.05.2016                                          | West Bengal             |                                |
| 4                                    | Ramel Media and Advertising Pvt. Ltd. | 06.08.2014      | 31.05.2016                                          | West Bengal             |                                |
| Infrastructure Ltd.                  | Ramel Real Estate and                 | 06.08.2014      | 31.05.2016                                          | West Bengal             | 5                              |
|                                      | Ramel Sea Food Ltd.                   | 06.08.2014      | 31.05.2016                                          | West Bengal             | 6                              |
| 7 Ltd.                               | Tamanna IT Solutions                  | 06.08.2014      | 31.05.2016                                          |                         |                                |
| 8                                    | Ramel Pharma Ltd.                     | 06.08.2014      | 31.05.2016                                          | West Bengal             | 2644.4                         |
| 9                                    | Ramel Hospitality Pvt. Ltd.           | 06.08.2014      | 31.05.2016                                          | West Bengal             |                                |
| 10 Ramel                             | Infotech Pvt. Ltd.                    | 06.08.2014      | 31.05.2016                                          | West Bengal             |                                |
| 11                                   | Ramel Agrotech Ltd.                   | 06.08.2014      | 31.05.2016                                          | West Bengal             |                                |
| 12                                   | Pvt. Ltd.                             | 06.08.2014      | 31.05.2016                                          | West Bengal             |                                |
| 13                                   | Ramel Impex Pvt. Ltd.                 | 06.08.2014      | 31.05.2016                                          | West Bengal             |                                |
| 14 Pvt. Ltd.                         |                                       | 06.08.2014      | 31.05.2016                                          | West Bengal             |                                |
| 15                                   | Cygnus Publishers Ltd.                | 06.08.2014      | 31.05.2016                                          | West Bengal             |                                |
| 16 Ramel Bio Fertilizer Ltd.         | Pvt.                                  | 06.08.2014      | 31.05.2016                                          | West Bengal             |                                |
| 17 Mangalam Agro Products Ltd.       |                                       | 17.07.2014      | 22.12.2015                                          | West Bengal             | 657.46                         |
| 18 Rahul Hi                          | Rise limited                          | 12.01.2015      | 31.05.2016                                          | West Bengal             |                                |
| 19 Shrishti Abha Food Beverages Pvt. | Limited                               | 12.01.2015      | 31.05.2016                                          | West Bengal             | 700.65 &                       |
| 20                                   | Rahul Media & Entertainment Limited   | 12.01.2015      | 31.05.2016                                          | Jharkhand               |                                |

|   21 | Rahul Wood Works Limited                         | 12.01.2015   | 31.05.2016     | West Bengal   |
|------|--------------------------------------------------|--------------|----------------|---------------|
|   22 | Veekayen Properties Pvt Limited                  | 12.01.2015   | 31.05.2016     | West Bengal   |
|   23 | Hotel Sea Coast Pvt. Limited                     | 12.01.2015   | 31.05.2016     | West Bengal   |
|   24 | Rahul Bhumi Vikas Limited                        | 12.01.2015   | 31.05.2016     | Jharkhand     |
|   25 | Rahul Heights Limited                            | 12.01.2015   | 31.05.2016     | West Bengal   |
|   26 | Rahul Real Estate Projects Ltd                   | 12.01.2015   | 31.05.2016     | West Bengal   |
|   27 | Rahul Inn Hospitality Ltd                        | 12.01.2015   | 31.05.2016     | Bihar         |
|   28 | Ideas Real-Con Limited                           | 12.01.2015   | 31.05.2016     | West Bengal   |
|   29 | Ideas Real estate Limited                        | 12.01.2015   | 31.05.2016     | Bihar         |
|   30 | Ideas Healthcare Limited                         | 12.01.2015   | 31.05.2016     | West Bengal   |
|   31 | Ideas Broking Limited                            | 12.01.2015   | 31.05.2016     | West Bengal   |
|   32 | Zenix Technologies Pvt. Limited                  | 12.01.2015   | 31.05.2016     | West Bengal   |
|   33 | Adventus Creations Pvt. Limited                  | 12.01.2015   | 31.05.2016     | West Bengal   |
|   34 | Seashore Securities Ltd.                         | 23.03.2015   | Under Progress | Orissa        |
|   35 | Seashore Agriculture Promotion Company Pvt. Ltd. | 23.03.2015   | Under Progress | Orissa        |
|   36 | Seashore Healthcare Pvt. Ltd.                    | 23.03.2015   | Under Progress | Orissa        |
|   37 | Seashore Pharmaceuticals Pvt. Ltd.               | 23.03.2015   | Under Progress | Orissa        |
|   38 | Seashore Courier & Cargo Private Ltd.            | 23.03.2015   | Under Progress | Orissa        |
|   39 | Seashore Diary Products Pvt. Ltd                 | 23.03.2015   | Under Progress | Orissa        |
|   40 | Seashore Portfolio Management Services Ltd.      | 23.03.2015   | Under Progress | Orissa        |
|   41 | Seashore Consultancy & Construction Private Ltd. | 23.03.2015   | Under Progress | Orissa        |
|   42 | Falcon Consultancy Private Limited               | 23.03.2015   | Under Progress | Orissa        |
|   43 | Royal Purple Hotels Private Limited              | 23.03.2015   | Under Progress | Orissa        |
|   44 | Sagiarien Systems Private Ltd                    | 23.03.2015   | Under Progress | Orissa        |
|   45 | Florance Biotech Private Limited                 | 23.03.2015   | Under Progress | Orissa        |
|   46 | Saubhagya Drinks Private Limited                 | 23.03.2015   | Under Progress | Orissa        |
|   47 | Sri Krishna Agriculture Pvt. Ltd.                | 23.03.2015   | Under Progress | Orissa        |

|   48 | Jatish Agro and Oil Products Pvt. Ltd.   | 23.03.2015   | Under Progress   | Orissa   |
|------|------------------------------------------|--------------|------------------|----------|
|   49 | Sagar Media & Entertainment Pvt. Ltd.    | 23.03.2015   | Under Progress   | Orissa   |
|   50 | Seashore Capital Pvt. Ltd.               | 23.03.2015   | Under Progress   | Orissa   |
|   51 | Seashore Shipping Company Pvt. Ltd.      | 23.03.2015   | Under Progress   | Orissa   |

| 2015-16   | 2015-16                                    | 2015-16       | 2015-16                                           | 2015-16           |                              |
|-----------|--------------------------------------------|---------------|---------------------------------------------------|-------------------|------------------------------|
| Sl No     | Name of the Company                        | Date of Order | Date of Submission of Investigation Report/status | Name of the State | Amount involve d (in crores) |
| 1         | Saradha Housing Pvt. Ltd.                  | 06.04.2015    | 30.09.2015                                        | West Bengal       | 131.41                       |
| 2         | Ambujaatripuri Infra (India) Ltd.          | 09.04.2015    | 27.02.2017                                        | Orissa            |                              |
| 3         | Ambujaatripuri Business Private Ltd.       | 09.04.2015    | 27.02.2017                                        | Orissa            |                              |
| 4         | Artha Tatwa Consultancy Private Ltd.       | 09.04.2015    | 27.02.2017                                        | Orissa            |                              |
| 5         | Artha Tatwa World Ventures Pvt. Ltd.       | 09.04.2015    | 27.02.2017                                        | Orissa            |                              |
| 6         | Artha Tatwa Food Mart Private Ltd.         | 09.04.2015    | 27.02.2017                                        | Orissa            |                              |
| 7         | Artha Tatwa Capital Limited                | 09.04.2015    | 27.02.2017                                        | Orissa            |                              |
| 8         | Ambujaatripuri Engineering Pvt. Ltd.       | 09.04.2015    | 27.02.2017                                        | Orissa            |                              |
| 9         | Orisha Health & Medical Research Institute | 09.04.2015    | 27.02.2017                                        | Orissa            |                              |
| 10        | Goldmine Food Products Ltd.                | 15.10.2015    | 30.09.2016                                        | West Bengal       | 350.00                       |
| 11        | Goldmine Agro Ltd.                         | 15.10.2015    | 30.09.2016                                        | West Bengal       | 350.00                       |
| 12        | Classic Resources Ltd                      | 15.10.2015    | 30.09.2016                                        | West Bengal       | 350.00                       |
| 13        | Goldmine Industries Ltd.                   | 15.10.2015    | 30.09.2016                                        | West Bengal       | 350.00                       |
| 14        | Goldmine Height Pvt. Ltd                   | 15.10.2015    | 30.09.2016                                        | West Bengal       | 350.00                       |
| 15        | Goldmine Hotel & Resorts Pvt. Ltd.         | 15.10.2015    | 30.09.2016                                        | West Bengal       | 350.00                       |
| 16        | Goldmine Advisories India Pvt. Ltd.        | 15.10.2015    | 30.09.2016                                        | West Bengal       | 350.00                       |
| 17        | Goldmine Health Care Pvt. Ltd.             | 15.10.2015    | 30.09.2016                                        | West Bengal       | 350.00                       |
| 18        | Samruddha Jeevan Foods Ltd.                | 22.12.2015    | Under Progress                                    | Maharashtra       |                              |
| 19        | Sai Prasad Foods Ltd.                      | 22.12.2015    | Under Progress                                    | Maharashtra       |                              |
| 20        | Sai Prasad Properties Ltd.                 | 22.12.2015    | Under Progress                                    | Maharashtra       |                              |

| 21                                         | Saiprasad Corporation Ltd.             | 22.12.2015                | Under Progress   | Maharashtra   |       |
|--------------------------------------------|----------------------------------------|---------------------------|------------------|---------------|-------|
| 22 Multi Agro Ltd.                         | Solutions India 22.12.2015             |                           | 27.02.2017       | Maharashtra   | 29.16 |
| PGF Ltd.                                   |                                        | 22.12.2015                | Under Progress   | Punjab        | 23    |
|                                            | PACL Ltd.                              | 22.12.2015                | Under Progress   | Rajasthan     | 24    |
| and                                        | Financials Ltd.                        | 12.01.2016 Progress       | Assam            |               | 25    |
| Jeevan Suraksha Real Estate Ltd.           | 12.01.2016                             | Under Progress            | Assam            |               | 26    |
| Jeevan Suraksha Energy and Industries Ltd. | 12.01.2016                             | Under Progress            | Assam            |               | 27    |
| Jeevan Suraksha Mercantiles Pvt. Ltd.      | 12.01.2016                             | Under Progress            | Assam            |               | 28    |
| Assurance Ltd.                             | Jeevan Suraksha Agency Pvt. 12.01.2016 | Under Progress            | Assam            |               | 29    |
| Jeevan Associates Pvt. Ltd.                | Suraksha Marketing                     | 12.01.2016 Under Progress | Assam            |               | 30    |
| 31 Chakra Infrastructure Ltd. Chakra       | 16.02.2016 Wealth                      | 27.02.2017                | West             | Bengal        | 19.60 |
| Chakraborty Estates Pvt. Ltd.              | 16.02.2016                             | 27.02.2017                | West             | Bengal        | 32    |
| Chakra Agrotech Limited                    | Private                                | 16.02.2016 27.02.2017     | West             | Bengal        | 33    |
| 34 Management Advisory Limited             | 16.02.2016                             | 27.02.2017                | West Bengal      |               |       |
| Chakra Hotel and Leisure Limited           |                                        | 16.02.2016                | 27.02.2017       | West Bengal   | 35    |
| Limited                                    |                                        | 16.02.2016 27.02.2017     | West             | Bengal        | 36    |
| Agency Services Pvt.                       | Ltd. 16.02.2016                        | 27.02.2017                | West             | Bengal        | 37    |
| 38 Media Pvt. Ltd.                         |                                        | 16.02.2016 27.02.2017     | West             | Bengal        |       |
| MPS Greenery Developers Ltd.               | 24.02.2016                             | Under Progress            | West             | Bengal        | 39    |
| MPS Food Products Ltd.                     | 24.02.2016                             | Progress                  | West             | Bengal        | 40    |
| 41 MPS Resorts and Ltd.                    | Hotels 24.02.2016                      | Under Progress            | West             | Bengal        |       |
| Products Ltd.                              | 24.02.2016                             |                           | Progress West    | Bengal        | 42    |
| MPS Industries & Research Ltd.             | Agro                                   | 24.02.2016 Under Progress | West Bengal      |               | 43    |

|   44 | MPS Ayurvedic & Herbal Products Pvt. Ltd.   | 24.02.2016   | Under Progress   | West Bengal   |    |
|------|---------------------------------------------|--------------|------------------|---------------|----|
|   45 | MPS Real Estate & Infrastructure Pvt. Ltd.  | 24.02.2016   | Under Progress   | West Bengal   |    |
|   46 | MPS Retails and Fast Food Pvt. Ltd.         | 24.02.2016   | Under Progress   | West Bengal   |    |
|   47 | Promotech Infratech Ltd.                    | 21.03.2016   | 30.09.2016       | West Bengal   | ** |

| 2016-17                                                   | 2016-17       | 2016-17                                           | 2016-17           | 2016-17                      |
|-----------------------------------------------------------|---------------|---------------------------------------------------|-------------------|------------------------------|
| Sl No Name of the Company                                 | Date of Order | Date of Submission of Investigation Report/status | Name of the State | Amount involve d (in crores) |
| 1 Maitri Suvarnasidhi Pvt Ltd                             | 18.04.2016    | Under Progress                                    | Maharashtra       |                              |
| 2 Husbandry Pvt. Ltd.                                     | 22.09.2016    | 30.09.2016                                        | West-Bengal       | *                            |
| 3 Prayag Infotech Hi-Rise Ltd.                            | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 4 Prayag Infotech Network Pvt. Ltd. (PINPL)               | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 5 Prayag Organics Pvt. Ltd. (POPL)                        | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 6 Prayag Hotel & Resorts Pvt. Ltd. (PHRPL)                | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 7 Prayag Entertainments Pvt. Ltd.(PEPL)                   | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 8 Prayag Infra Realtors Ltd. (PIRL)                       | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 9 Samudra Villa Pvt. Ltd. (SVPL)                          | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 10 Prayag Aviation Services Pvt. Ltd. (PASPL)             | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 11 GP Cement Works Pvt. Ltd (GPCWPL)                      | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 12 Prayag Fisheries(India) Pvt. Ltd. (PFTIPL)             | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 13 Prayag Film & Television Industries Pvt. Ltd. (PFTIPL) | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 14 Maks Biscuit Pvt. Ltd. (MBPL)                          | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 15 Insec Security & Services Pvt. Ltd (ISSPL)             | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 16 Royal Concrete Products Pvt. Ltd. (RDPPL)              | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 17 Prayag Publication Pvt. Ltd. (PPPL)                    | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |
| 18 Prayag Bio-tech Pvt. Ltd. (PBPL)                       | 28.10.2016    | Under Progress                                    | West-Bengal       |                              |

|   19 | Prayag Diagnostic & Research Centre Pvt. Ltd. (PDRCPL)   | 28.10.2016   | Under Progress   | West-Bengal   |
|------|----------------------------------------------------------|--------------|------------------|---------------|
|   20 | Prayag Micro Finance (PMF)                               | 28.10.2016   | Under Progress   | West-Bengal   |
|   21 | Fayed Hospitality Pvt. Ltd. (FHPL)                       | 28.10.2016   | Under Progress   | Assam         |
|   22 | Company Pvt. Ltd. (SKTCPL)                               | 28.10.2016   | Under Progress   | Assam         |
|   23 | Klen Commercials Pvt. Ltd. (KCPL)                        | 28.10.2016   | Under Progress   | Assam         |
|   24 | Prayag & Prayag Multicare Pvt. Ltd (PPMCPL)              | 28.10.2016   | Under Progress   | Orrisa        |

(Note (:*) Amount involved and No of investors in respect of Goldmine Animal  Husbandry  Ltd  has  been  added  in  the  Goldmine  Group  of Companies.)

(Note (:**) Amount involved and No of investors in respect of Promotech Infratech Ltd has been added in the Icore group of companies)

## SUMMARY OF CHIT FUND/MLM/PONZI CASES  REFERRED TO SFIO FOR INVESTIGATION  DURING THE LAST THREE YEARS AND CURRENT UPTO 28TH FEBRUARY,2017

|                   | year    | year    | year     | year                                |       |
|-------------------|---------|---------|----------|-------------------------------------|-------|
| Name of the State | 2013-14 | 2014-15 | 2015- 16 | 2016-17 (upto 28th Februar y, 2017) | Total |
| West Bengal       | 57      | 29      | 26       | 19                                  | 131   |
| Assam             | 1       |         | 6        | 3                                   | 10    |
| Uttar Pradesh     | 5       |         |          |                                     | 5     |
| Jharkhand         |         | 2       |          |                                     | 2     |
| Bihar             |         | 2       |          |                                     | 2     |
| Orissa            |         | 18      | 8        | 1                                   | 27    |
| Maharashtra       |         |         | 5        | 1                                   | 6     |
| Punjab            |         |         | 1        |                                     | 1     |
| Rajasthan         |         |         | 1        |                                     | 1     |
| Total             | 63      | 51      | 47       | 24                                  | 185   |

- *****