Union of India & Ors.
One of the India’s largest financial scam nicknamed chit-fund scam that has hit the States of West Bengal, Tripura, Assam and Odisha involves collection of nearly 10,000 crores (approx.)from the general public especially the weaker sections of the society which have fallen prey to the temptations of handsome returns on such deposits extended by the companies involved in the scam.
The question is whether the above features call for transfer of the ongoing investigation from the State Police to the CBI. Where the court answered in affirmative expressing the view that the case must be transferred from the police to the CBI
Our answer is in the affirmative....read more