CBI arrests three MPS Greenery officials

The Central Bureau of Investigation today arrested three officials of MPS Greenery Developers Limited, a non-Saradha chit fund company, from the city.
They will be produced tomorrow before the Additional Chief Judicial Magistrate, Bidhannagar, North 24 Parganas, a CBI spokesperson said.
A case was registered by the Special Crime Branch of CBI in Kolkata in 2014 in accordance with the order of Supreme Court dated May 9, 2014.
The case was registered against founder P N Manna and others of the chit fund firm under various sections of IPC.
The firm was accused of cheating the gullible investors by collecting huge funds from them under various investment schemes by fraudulently promising very high returns and thereafter misappropriated the amount collected from the public.

Investigations later revealed that the arrested trio, all directors of MPS Greenery Developers had allegedly entered into a criminal conspiracy with Manna, now in judicial custody.
In pursuance of criminal conspiracy, they were allegedly involved in collection of huge funds illegally from the public after making false promises and thereafter such public money was misappropriated, the spokesperson said.