CBI arrests two in ponzi scam case

The Special Crime Branch of the CBI today arrested two persons belonging to chit fund company Prayag Group after their interrogation at the CGO complex here.
A senior CBI official told PTI that the CMD of Prayag Group, Basudeb Bagchi, and his son, Avik Bagchi, were arrested on the basis of a case registered in Odisha.
The official said that the firm had mobilised more than Rs 1,900 crore from the public by floating illegal schemes.