Probe Agency CBI Arrests 4 From Kolkata In Rs 565 Crore Chit Fund Case


The 4 arrested had allegedly related to the ponzi scheme, the probe company stated. (Representational)

Kolkata:

 The CBI on Tuesday stated it has arrested a former deputy registrar of firms in Kolkata and three others in a discount fund case.

Among these arrested is a founding director and two territory managers of personal firms, it stated in a press release.

The company stated it had registered the case in compliance of orders of the Supreme Court in 2014 towards the then managing director of a personal firm and others, and took over the investigation within the matter which had been registered in Balasore district of Odisha.

The company stated it has arrested Subha Kumar Banerjee, then deputy registrar of firms in Kolkata, Lakshman Srinivasan, then founding director of an organization, and two others.

It is alleged that deposits to the tune of Rs 565 crore had been illegally collected in Odisha by alluring individuals, promising excessive returns, however the maturity quantity was not repaid.

The 4 arrested had allegedly related to the ponzi scheme and obtained pecuniary advantages, the assertion stated.

The then deputy registrar of firms had allegedly facilitated the unlawful deposit assortment enterprise of Infinity Realcon Ltd and its managing director Pranab Mukherjee, it added.

(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)



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