The CBI on Monday interrogated painter Shuvaprasanna in connection with the multi-crore Saradha ponzi scam which left thousands of investors in the lurch.
Sources in the investigating agency said that the painter had been asked to appear before its officials to ascertain his role in the scam.
The artist was questioned by CBI in 2014 for selling a non-operational TV channel to Saradha Group chief Sudipta Sen.
The Enforcement Directorate (ED) had also quizzed him on certain financial transactions with the Saradha Group through his bank account with regard to buying the television channel.
Saradha had collected money from common investors without having the sanction of either RBI or SEBI promising higher returns to them.
Both CBI and ED are probing the Saradha scam. The final chargesheets were yet to be filed.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app