CBI ARRESTS CMD AND A DIRECTOR OF A PRIVATE COMPANY IN AN ON-GOING INVESTIGATION OF A CHIT FUND CASE

Press Release
New Delhi, 03.12.2019

The Central Bureau of Investigation has arrested a CMD and a Director of a private company (a ponzi company) based in West Bengal in an on-going investigation of a chit fund case.

CBI had registered a case against the accused on the allegations that the CMD and Director in pursuance to a criminal conspiracy with other Directors of said company & group companies, had illegally collected Rs. 78 crore (approx.) from investors under various fraudulent schemes, on assurance of paying high returns on such investments on maturity. It was further alleged that the accused closed the company and misappropriated the invested money.

Both the arrested accused are being produced today before the Court of CJM, Asansol (West Bengal).

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