CBI books former TMC MP, seven others for cheating and breach of trust

LUCKNOW: The Anti corruption branch of CBI Lucknow lodged an FIR against former TMC MP KD Singh and seven others in a case related to cheating and breach of trust on Saturday.
KD Singh was a Rajya Sabha MP between 2010 and 2014 representing All India Trinamool Congress (AITMC).
CBI in its FIR stated that Alchemist Infra Realty Limited and Alchemist Township Limited through two companies, former Rajya Sabha MP KD Singh, and seven others, lured the public to double the wealth of Bhadohi people and got money in various beneficial schemes worth crores of Rupees and later closed the groups and fled.
CBI said that the accused company directors and other agents have been accused of creating fake securities and bills through fraudulent means to deceive investors and agents.
"The companies Alchemist Infra Realty Limited and Alchemist Township Limited were established in 2009 in Bhadohi.
However, with malicious intent, they closed the companies in 2018, misappropriating investors' funds.
When agents and investors demanded the return of their investments, the accused began to evade and ultimately refused to return the money," CBI FIR said.
Those named in the FIR are KD Singh, Brijmohan Mahajan, Satendra Kumar, Suchita Khemkar, Nand Kishore Singh, Jayshree Prakash Singh, Chhtrapal Singh and Narendra Singh.
All have been booked under the charges of cheating, forgery, criminal conspiracy and other relevant charges.
In July 2022, also the CBI had booked former TMC MP K D Singh and his son in connection with an alleged chit fund scam in Uttar Pradesh.
The agency had alleged that company floated by KD Singh promised investors returns up to 10 times of investment but many investors never got paid. This case was registered on the basis of FIR in Azamgarh District.
ED had also initiated its probe into the affairs of Alchemist Group in 2018 on the basis of FIRs registered by Kolkata Police against Kanwar Deep Singh, his son Karandeep Singh, M/S Alchemist Township India Limited, M/S Alchemist Holdings Limited and various other group companies and their directors for allegedly cheating thousands of customers and investors.