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Saturday, October 16th, 2021

CBI arrests a private person in an ongoing investigation of a chit fund scam case

New Delhi,
The Central Bureau of Investigation has arrested a private person in an ongoing investigation of a case related to chit fund scam involving a Kolkata based private company.

Searches were conducted at 02 places in West Bengal which led to recovery of several incriminating documents.

It was alleged that the said accused entered into a conspiracy with other Directors of Kolkata based private company which resulted in misappropriation & siphoning off the fund illegally collected by the private Company from gullible investors. The accused allegedly acted as a middle man between said private company & the regulators and got undue approvals in favour of the said company from the regulatory authorities.

CBI had registered the instant case on 05.06.2014 pertaining to the private company & others who collected funds to the tune of Rs.565 crore (approx).

            The arrested accused is being produced today before the Competent Court at Kolkata.



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