10 April, Bhubaneswar
The CBI Friday conducted simultaneous raids on the offices of Royal International Group, a chit fund company, at some places in Odisha Friday .
Sources said, a 10-member CBI team raided the house of Sudhir Behera, a former director of the company, at Daulatabad in Choudwar in Cuttack district and seized some documents and bank accounts in his absence.
The central investigating team also raided the company’s branch office at Gajapati Nagar in Bhubaneswar.
CBI sources said Royal International Group, one of the largest chit fund companies in West Bengal after the Saradha Group, has its head office in Kolkata. The company also had its branch offices in Odisha through which it had collected crores of rupees from the people.