Bengaluru: The CCB has filed a chargesheet against Ambidant Marketing Private Ltd and 10 people, including three directors of the company and the mining baron Janardhan Reddy, have been named.
The officials have seized properties estimated to be around Rs 60 crore, including an apartment on Race Course road owned by Reddy and worth Rs 5 crore.
Based on the court directions, the officials carried out the seizure and they are continuing their investigation to track benami properties purchased by the accused in the name of their relatives and acquaintances.
The chargesheet, containing 4,800 pages, was recently submitted to the special court.
Ambidant began its operations in December 2016 and had promised hefty returns to its thousands of investors and later cheated them of crores of rupees.
There were six cheating cases registered against the company in various police stations across city. Investigations revealed that 10,564 people had invested around Rs 120 crore in the company.
In October 2018, the CCB took over the case and arrested six people, including the three directors and Reddy. The accused are currently out on bail.
A senior officer said that many investors have been approaching CCB office on a regular basis and submitting supporting documents to establish that they had invested their money and were duped....