Sudipta Sen brought to Kolkata

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Press Trust of India Kolkata
Last Updated : Apr 24 2013 | 11:15 PM IST
Chit fund scam accused Sudipta Sen and two officials of his Saradha company were tonight brought here on a transit remand from Jammu and Kashmir where they were arrested.
Sen, chairman of the Saradha chit fund company which has allegedly defrauded thousands of depositors, along with Debjani Mukherjee, a director and Arvind Singh Chouhan, who looked after the firm's operation in Jharkhand, reached here at around 10.30 pm by a flight from New Delhi, police sources said.
A large crowd gathered at the N S C Bose International Airport. A huge police contingent was posted at the airport to keep the crowd at bay.
Sen, Mukherjee and Chouhan were whisked away by the policemen from the airport.
Sen was arrested yesterday along with Mukherjee and Chouhan from a hotel of Sonamarg in Jammu and Kashmir.
Earlier in the day, the trio were presented before Chief Judicial Magistrate of Ganderbal, Parvez Hussain Kachroo, who granted the transit remand for which the application was filed by the West Bengal police.
Before being produced before the court, Sen, Mukherjee and Chouhan were put through medical examination after which doctors declared them fit to be taken out of the Valley.
Lakhs of investors of the chit fund group have hit the roads alleging they have been duped of huge amounts. Hundreds of agents of the company have also been rendered jobless.
The bubble burst after capital market regulator SEBI started cracking the whip on chit fund companies for flouting rules, triggering pressure on the group's finances.
West Bengal government has announced formation of a Special Investigation Team and a high-level inquiry into chit fund companies after the collapse of the Saradha group.
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First Published: Apr 24 2013 | 11:15 PM IST

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