Overview

• The CBI apprehended Ajay Kumar alias Raju Gupta in Kolkata on July 30 after he evaded arrest for years.
• He is accused of orchestrating a multi-crore Ponzi scheme that duped thousands of Assam investors through various Idol India entities.
• Investigators filed a detailed charge sheet against Kumar and others on December 22, 2022, before the Special Judge (CBI) court in Guwahati.
• Charges include criminal conspiracy, breach of trust and cheating under IPC sections 120B, 406, 409 and 420, alongside violations of the Prize Chits and Money Circulation Schemes Act.
• The probe began following a 2013 Assam government notification and a 2014 Supreme Court directive mandating a CBI investigation.