CBI books K.D. Singh, others in Alchemist group case
The Hindu
They allegedly cheated a large number of investors on false promises
The Central Bureau of Investigation has booked former Rajya Sabha member K.D. Singh and six others linked to the Alchemist group of companies for allegedly cheating a large number of investors on false promises. Among those named are Satyendra Kumar Singh, Sucheta Khema, Jay Shri Prakash Singh, Brajmohan Mahajan, Chhatrasal Ranawat and Nandkishor Singh. The case was earlier registered at the Kotwali police station in Uttar Pradesh’s Kanpur in 2019, on a complaint from one Pawan Mishra. The State government later recommended a CBI probe. Mr. Mishra alleged misappropriation of funds invested in the companies, including Alchemist Infra Realty Limited and Alchemist Township Limited. The investors were promised allotment of plots, villas and apartments, as mentioned in the FIR, which lists about one dozen other entities associated with the Alchemist group.
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