The CID of Andaman and Nicobar Police has filed a 50,000-page chargesheet in the ANSCBL loan scam case and has named 100 people and firms as accused, including Congress’s ex-Andaman MP Kuldeep Rai Sharma, an officer said on Sunday.
The chargesheet was filed on Saturday in the Chief Judicial Magistrate (CJM) Court in Port Blair.
A total of eight accused, including Sharma, K Murugan, managing director, ANSCBL and K Kalaivanan, manager (loan), have been arrested in the Andaman and Nicobar State Cooperative Bank Limited (ANSCBL) loan scam.
Sharma is a former chairman of ANSCBL.
Speaking to PTI, Senior Superintendent of Police (CID), Jitendra Kumar Meena said, “During the course of investigation, a total of 23 shell companies were identified and busted. These entities had no genuine business operations and were created solely for fraudulently availing high-value loans and diverting public funds.”
“Our officers conducted more than 10 search and seizure operations at various offices, …
