Saradha group top official arrested

Image
Press Trust of India Canning (WB)
Last Updated : Jun 02 2013 | 4:57 PM IST
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 today.
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.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jun 02 2013 | 4:57 PM IST

Next Story