In accordance with the requirements of the Prevention of Money Laundering Act, 2002, the Directorate of Enforcement (ED) detained Pritimoy Chakraborty on August 25, 2023, in connection with a bank fraud against M/s R P Infosystems Ltd.
The ED opened an inquiry based on FIRs filed by the CBI, BS&FC, Kolkata against M/s R P Infosystems Ltd. and its Directors under different sections of the IPC, 1860, and PC Act. In these FIRs, the CBI has submitted charge sheets dated 30.12.2016 and 31.12.2020.
According to the ED investigation, M/s R P Infosystems Ltd. obtained different credit facilities from the group of banks using fictitious and fraudulent firm financials and stocks. The corporation defrauded the group of banks involved of Rs. 700 crore by failing to pay its debts. It was also disclosed that M/s. R P Infosystems Ltd. established a number of ILCs in favour of several shell firms in relation to the aforementioned credit facilities. The aforementioned businesses then reduced the ILCs in their accounts without doing any genuine commercial operations on the basis of fictitious tax invoices, challans, truck receipts, etc.
The Holiday Magistrate ordered Pritimoy Chakraborty to ED custody for two days on August 26, 2023, after he was presented to the court. On August 28, 2023, the Honourable Special Court in Kolkata awarded Pritimoy Chakraborty’s custody to ED till September 6, 2023. Suresh Kumar Maharwal and Vikas Joshi, who are now in judicial custody, were previously detained by ED in the aforementioned case. Earlier in 2018, ED filed a Prosecution Complaint and issued a Provisional Attachment Order attaching moveable and immovable properties totalling Rs.22.67 Crore. Further research is now being conducted.
