TMC MP Tapas Pal arrested by CBI in Rose Valley Chit Fund scam

Image
Press Trust of India Kolkata
Last Updated : Dec 30 2016 | 5:42 PM IST
Trinamool Congress MP Tapas Pal was today arrested by CBI for his alleged involvement in the Rose Valley Chit Fund Scam.
"We have arrested Tapas Pal for his alleged involvement in the Rose Valley Chit Fund scam. We had placed a few questions before him and he could not give any proper reply over the amount of money he had taken and on what basis," a senior CBI official told PTI.
Pal was interrogated for four hours. As he failed to give proper reply to any of the questions on his appointment as director to one of the Rose Valley companies or his involvement in the firm investing in bengali film industry, the CBI decided to arrest him, the official said.
The probe agency is likely to take him to Bhubaneswar for further questioning.
CBI had issued summons to Tapas Pal on December 27 in connection with the alleged scam, which is one of the cases of the chit fund scams being probed by the investigating agency. He was asked to appear before the agency at its office in Salt Lake today.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Dec 30 2016 | 5:42 PM IST

Next Story