Chit fund scam: Saradha group top official arrested

A top official of ponzi scheme Saradha Group, who had been absconding for the past two months, was arrested at Purba Jadavpur on the outskirts of Kolkata, police said on Sunday.

Last Updated: Jun 02, 2013, 17:39 PM IST

Canning (WB): A top official of ponzi scheme Saradha Group, who had been absconding for the past two months, was arrested at Purba Jadavpur on the outskirts of Kolkata, police said on Sunday.
Arindam Das alias Bumba was arrested while trying to flee from a place at Purba Jadavpur last night, the police said.

He allegedly swindled thousands of investors of South 24-Parganas district by not depositing the money in the head office of Saradha Group, sources said.

Saradha Group chairman Sudipta Sen also alleged that Das, as the main official looking after the deposit of money from investors in the district, stole the deposits.

An auto-rickshaw driver, Das would buy property for the chit fund company in the beginning and later allegedly stole the money, the sources said.

Sub-Divisional Judicial Magistrate of Baruipur, Debdip Manna remanded Das in 14 days police custody when he was produced before him today.

PTI